Depreciation | Essentials to strengthen your small business

Other special rules

Special rules apply to claiming deductions for the following capital expenses, some of which involve depreciating assets:

setting up or ceasing a business
project-related expenses
primary production
environmental protection activities
mining exploration
in-house software development
vehicles.

Find out more about the special rules

Depreciation

Depreciation – the big picture

6 mins

About depreciation	0%
Depreciation rules	0%
Identifying which depreciation rules you can use	0%
Activity	0%

Do I use depreciating assets in my business?

3 mins

What is a depreciating asset?	0%
Assets that are not depreciating assets	0%
Activity	0%
Activity : Maya’s café	0%

Am I holding any depreciating assets?

4 mins

Who can claim deductions for the decline in value of a depreciating asset?	0%
Partnership assets	0%
Activity	0%

Can I use simplified depreciation for small business?

6 mins

Simplified depreciation rules overview	0%
Eligibility to use simplified depreciation rules	0%
Using simplified depreciation rules	0%
Apportioning for business and private use	0%
If you stop using simplified depreciation	0%
Activity	0%

Simplified depreciation: exclusions and other considerations

15 mins

Exclusions and other considerations	0%
Assets specifically excluded from simplified depreciation	0%
Cost of an asset	0%
GST	0%
Trade-ins	0%
Improvements to assets	0%
Assets used to earn non-business income	0%
Later sale or disposal of asset	0%
Claiming cars expenses	0%
Car cost limit for working out depreciation of passenger vehicles	0%
Activity	0%

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

5 mins

Using the instant asset write - off	0%
The instant asset write-off threshold amount	0%
Activity: Maya’s café	0%

Simplified depreciation: using a small business pool

15 mins

How a small business pool works	0%
Adding assets to a small business pool	0%
Managing your small business pool if you stop using simplified depreciation rules	0%
Using simplified depreciation rules again	0%
Activity: Maya’s café	0%
Small business pool calculations	0%
Calculating a small business pool with the ATO Depreciation and capital allowances tool	0%

Can I use general depreciation?

7 mins

General depreciation rules	0%
The cost of a depreciating asset	0%
Effective life of a depreciating asset	0%
Asset acquisition date and when it started to decline in value	0%
General depreciation: reduction for non-taxable use of a depreciating asset	0%
General depreciation calculation methods	0%
Which general depreciation calculation method to use	0%
Low-cost assets – threshold rule	0%
Activity	0%

Calculating depreciation using general depreciation rules

5 mins

Calculating a deduction for depreciating assets with the ATO Depreciation and capital allowances tool	0%

General depreciation: ceasing to hold or use a depreciating asset

5 mins

What happens if you no longer hold or use a depreciating asset?	0%
Calculating a balancing adjustment	0%
Activity	0%

General depreciation: low-value asset pool

9 mins

Starting a low-value pool	0%
Calculating a low-value pool	0%
Activity	0%

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

4 mins

Using the capital works deduction or other special rules	0%
Working out your capital works deduction	0%
Activity	0%
Other special rules	0%

Record-keeping

2 mins

Records of depreciating assets	0%

Related courses

1 mins

Related courses	0%

Course Feedback

Course Feedback	0%