Exclusions and other considerations

If you choose to use simplified depreciation rules there are a number of other things to consider which may affect your depreciation deduction and reporting obligations such as:

  • assets excluded from simplified depreciation
  • cost of the assets
  • GST
  • trade-ins
  • improvements to assets
  • assets used to earn non-business income
  • later sale or disposal of assets
  • claiming cars expenses
  • car cost limit for working out depreciation of passenger vehicles.

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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