Simplified Depreciation Rules for SBEs
By Meng Lee
1h 4m CPD time
Difficulty: Basic
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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