2021 September Case Study – All Things Depreciation
All Things Depreciation
The introduction of the Temporary Full Expensing rules last year has seen accountants spending a considerable amount of time in the ‘depreciation space’. It has required a thorough understanding of the basic, and some of the more complicated, rules of capital allowances in Divisions 40 and 328 of the 1997 Act.
These rules may appear to be simple. However, experience has shown that there are various pitfalls that can be easily overlooked. As clients are increasingly seeking advice on where/when/how to purchase depreciable assets to take advantage of Temporary Full Expensing, it is timely to revisit the capital allowance provisions.
The topics that Sean Pearce and Gaurav Chitnis will cover in this training session will include:
- Basic concepts and provisions in Division 40;
- Subdivision 328-D relevant for Small Business Entities;
- Division 43 for capital works expenditure;
- Blackhole expenditure provisions; and
- The stimulus measures – Temporary Full Expensing, Accelerated Depreciation and Instant Asset Write Off.
Our session will also include a case study applying the rules to practical situations.
This download will contain the following files:
The PowerPoint Presentation (Microsoft Office 2010)
The Notes for the Case Study (PDF)
The Solutions for the Case Study (PDF)