Small business concessions: changes to simpler depreciation rules
On 17 December 2013, the government announced that it would make changes to small business concessions for assets acquired from 1 January 2014. At the time of printing these changes had not become law. Go to ato.gov.au/newlegislation for information about the progress of this legislation.
Only complete this item if the trust is a small business entity using the simplified depreciation rules.
To complete this item, use the amounts calculated for small business entity depreciation deductions at K item 5. Show at:
- A Deduction for certain assets the total amount claimed relating to these assets
- B Deduction for general small business pool assets, the total amount claimed relating to the general small business pool.