Only complete this item if the company is a small business entity using the simplified depreciation rules.
In this section:
- Small business concessions: simpler depreciation rules
- A – Deduction for certain assets (costing less than the relevant instant asset write-off threshold)
- B – Deduction for general small business pool
Small business concessions: simpler depreciation rules
From 7:30pm on 12 May 2015 until 30 June 2020 the instant asset write-off threshold for small business entities changed.
From 7.30pm (AEST) on 12 May 2015 |
Small business entities can immediately deduct the business portion of most depreciating assets costing less than $20,000 each (the instant asset write-off threshold). |
|---|---|
From 29 January 2019 until before |
Small business entities can immediately deduct the business portion of most depreciating assets costing less than $25,000 each (the instant asset write-off threshold). |
From 7.30pm (AEDT) on |
Small business entities can immediately deduct the business portion of most depreciating assets costing less than $30,000 each (the instant asset write-off threshold). |
From 12 March 2020 until 30 June 2020 |
Small business entities can immediately deduct the business portion of most depreciating assets costing less than $150,000 each (the instant asset write-off threshold). |
To complete this item use the amounts the company calculated for small business entity depreciation deductions at X Depreciation expenses item 6. For more information, see Small business entities.
A – Deduction for certain assets (costing less than the relevant instant asset write-off threshold)
Write at A the total amount the company claimed at item 6 relating to assets costing less than the relevant instant asset write-off threshold for which an immediate deduction is available.
B – Deduction for general small business pool
Write at B the total amount the company claimed at item 6 relating to the general small business pool.
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