Published on 03 Sep 02
by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE
This seminar paper discusses capital allowances, including: the core provisions - who can claim, how much and on what items; project pools and how to use them effectively, what can be included in the write off for 'black hole' expenditure; balancing adjustment required on cessation of use - when can rollover relief be claimed; UCA and consolidation; future depreciation of new buildings and structures.
Annamaria is a Senior Tax Writer with ATP. She has 20 years experience in tax, spanning publishing, the ATO, commerce and the tax profession. Annamaria has been involved in formal liaison with the ATO and Treasury on a number of Committees including the Consolidation Joint Design Team. She has recently published a textbook on 'Consolidations - The Adviser's Guide' and has addressed a number of forums on consolidations. Current at 18 May 2004
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
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