Assets specifically excluded from simplified depreciation

A small number of assets are specifically excluded from the simplified depreciation rules. For these assets, you must use the special rules that apply to them, or the general depreciation rules:

  • assets that are leased out or expected to be leased out for more than 50% of the time on a depreciating asset lease
  • assets you allocated to a low-value assets pool before using the simplified depreciation rules
  • horticultural plants including grapevines
  • software allocated to a software development pool (but not other software)
  • assets used in your research and development (R&D) activities
  • capital works, including buildings and structural improvements.

Depreciation

Steps Progress

Depreciation – the big picture

6 mins

Do I use depreciating assets in my business?

3 mins

Am I holding any depreciating assets?

4 mins

Can I use simplified depreciation for small business?

6 mins

Simplified depreciation: exclusions and other considerations

15 mins

Simplified depreciation: can I use the instant asset write-off?

5 mins

Simplified depreciation: using a small business pool

15 mins

Can I use general depreciation?

7 mins

Calculating depreciation using general depreciation rules

5 mins

General depreciation: ceasing to hold or use a depreciating asset

5 mins

General depreciation: low-value asset pool

9 mins

Can I use the capital works deduction or other special rules?

4 mins

Record-keeping

2 mins

Related courses

1 mins

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