Don't include an amount here if the partnership is a small business entity using the simplified depreciation rules. Include those amounts at Item 50 Small business entity simplified depreciation (partnership return) labels A and B.
Intangible depreciating assets first deducted
The amount at label A Intangible depreciating assets first deducted must reflect an amount that has been calculated for tax purposes.
|B*||Other depreciating assets first deducted|
|C||Have you self-assessed the effective life of any of these assets?|
|D||Did you recalculate the effective life for any of your assets this income year?|
|E||Total adjustable values at end of income year|
Assessable balancing adjustments on the disposal of intangible depreciating assets
Deductible balancing adjustments on the disposal of intangible depreciating assets
Termination value of intangible depreciating assets
Termination value of other depreciating assets
Deduction for project pool
|K**||Section 40-480 deduction|
Temporary full expensing labels
Complete this label if you want to opt out of the temporary full expensing incentive.
A - Some eligible assets = Opt out of some eligible assets
B - All eligible assets = Opt out of all eligible assets.
See opt out on the ATO's website.
Enter the number of assets you want to opt out of temporary full expensing
the value of the assets you want to opt out of temporary full expensing
Enter the value of the deduction you want to claim.
See eligible assets on the ATO's website.
Enter the number of assets you're claiming the temporary full expensing for.
Backing business investment - accelerated depreciation labels