About this guide
Find out who should use the Guide to depreciating assets 2023 and how to download or print a copy.
Deductions for the cost of depreciating assets
Depreciating assets, deductions and uniform capital allowances rules, working out decline in value and effective life.
Uniform capital allowances
About uniform capital allowances and steps to follow to work out your deduction.
What is a depreciating asset?
What is a depreciating asset, second-hand depreciating asset, and what depreciating assets are excluded from UCA.
Who can claim deductions for the decline in value of a depreciating asset?
Find out who can claim deductions for the decline in value of a depreciating asset.
Working out decline in value
General and specific rules for working out the decline in value of depreciating assets.
Immediate deduction for certain non-business depreciating assets (costing $300 or less)
Find out when you can claim an immediate deduction for the cost of certain non-business depreciating assets.
Effective life of a depreciating asset
Find out about the effective life of deprecating assets (how long it can be used for a taxable purpose).
Cost of a depreciating asset
About the cost of a depreciating asset, limitations or arrangements you need to take into account for decline in value.
What happens if you no longer hold or use a depreciating asset?
Find out what happens if you no longer hold or use a depreciating asset
Low-value pools
About low value pools, when you can allocate depreciating assets and how to work out the decline in value.
In-house software
About in-house software and claiming a decline in value deduction under UCA.
Common-rate pools
About common-rate pools and claiming a decline in value deduction under UCA.
Depreciating assets and taxation of financial arrangements (TOFA)
When the taxation of financial arrangements rules apply to you and your depreciating assets.
Primary production depreciating assets
Depreciating assets used in primary production and the special rules for working out the decline in value.
Capital expenditure deductible under UCA
When you can claim capital expenditure deductions under uniform capital allowances (UCA).
Small business entity concessions
Eligibility for small business entity concessions, simplified depreciation rules, and rollover relief.
Certain start-up expenses immediately deductible
When certain start-up expenses are immediately deductible under Section 40-880.
Record keeping
Records to keep for depreciating assets, low-value pools and rollover relief available under UCA.
Definitions
Definitions for the most commonly used uniform capital allowances terms.
Worksheets
Get the worksheets and worksheet guidelines for depreciating assets and low-value pools.