Capital Allowances (Depreciation) Fundamentals

Master capital allowance deductions in this first of a two part series that will provide a comprehensive overview and give you the tools to expertly navigate these provisions

Capital allowance deductions are a recurring theme and major source of value for most small businesses.

In Part 1 we will cover the following

• Division 40 overview – What’s in and what’s out
• Key concepts

• What is a depreciating asset
• What goes into the cost of a depreciating asset
• Effect lives
• Depreciation methods
• Asset lifecycle – from acquisition to sale
• Limitations for specific types of depreciating assets
• Limitations outside of Division 40

• Specific concessions (instant asset write-off, temporary full expensing etc)
• Fixed Asset registers – why are they relevant and why you should use them

Click here for Part 2 – Applied Concepts (pools, specific industries, black hole expenditure & Division 43)

Learning Outcomes:

By the end of this session, attendees should be able to:

• Have a solid understanding of the basic principles of Division 40 and be able to work out what can be depreciated
• Understand what cannot be deducted under Division 40
• Work out what depreciation can be claimed year on year for specific types of assets
• Be able to develop and run a simple tax fixed asset register in parallel to accounting fixed assets

Suited to:

Small-medium businesses, accounting firms and practitioners who manage these types of entities.

This On Demand recording Includes: 

• Recording of the Live Webinar, which can be viewed multiple times, for as long as required 
• Presenters contact details for follow up questions 
• CPD Quiz
• CPD Certificate 
• CPD Report – Logged automatically 
• PowerPoint Presentation
• Verbatim Transcript, with Searchability
• Supporting Documentation