Simplified Depreciation Rules for SBEs

Find out about special depreciation rules available for Small Business Entities (SBEs), including eligibility & recent changes.

In this session, we cover:

• What is an SBE?

  • Carrying on a business

  • Calculating aggregated turnover

  • Electing to use the simplified depreciation rules

• Instant Asset Write Off (IAWO)

  • IAWO rules

  • Interaction with Temporary Full Expensing (TFE)

• Small Business Pooling Rules

• Practical case studies

  • #1: IAWO and Pooling

  • #2: Writing off pool balance

  • #3: Negative closing pool balance

Date recorded: 11 September 2024