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Notes Online Home 2017 Tax Schools Day 2 Year-end planning strategies for SBE taxpayers
Strategies for SBE taxpayers claiming depreciation deductions in 2017
In this segment of the notes we look at strategies for SBE taxpayers claiming depreciation deductions in 2017:
- Claiming an immediate deduction for depreciable assets cost (less than) $20,000
- Claiming an immediate deduction for capital improvements of (less than) $20,000
- Immediate write-off of closing pool balances of (less than) $20,000 for the 2017 income year
- NTAA flowchart identifies which immediate deduction threshold applies for SBE taxpayers