Disposing of an asset that has been in an STS or low-value pool

This support note applies to:

Article ID: 25391

To dispose of the pooled asset

Go to the Asset Disposal tab on the Capital Allowances Worksheet and complete the Date Disposed and Consideration Received fields.
Click Save & Close. The disposal details are saved.
Go to Tax > Asset Pools and click the relevant pool. The Pool Information window appears.
If the asset pool is an STS pool, refer to the Value of assets sold amount at the bottom of the window and, if necessary, distribute the amount to the appropriate fields on the return.
If the asset pool is a low-value pool:
1. Click Extract Pool Totals and note the amounts at the bottom of the window.
2. Manually distribute the amounts to the appropriate fields on the return.