Guide to depreciating assets 2020

Guide to claiming the decline in value of capital assets used in gaining assessable income, such as a car or machinery.

Last updated 27 May 2020

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About this guide

Abbreviations used in this publication

Deductions for the cost of depreciating assets

The cost of a depreciating asset

What happens if you no longer hold or use a depreciating asset?

Low-value pools

In-house software

Common-rate pools

Depreciating assets and taxation of financial arrangements (TOFA)

Primary production depreciating assets

Capital expenditure deductible under UCA

Small business entities

Record keeping

Definitions

Guidelines for using the depreciating assets worksheet

More information

QC62653