Published on 05 Apr 01
by WESTERN AUSTRALIAN DIVISION, THE TAX INSTITUTE
This powerpoint presentation discusses the new Capital Allowances regime. Topics include: Core Provisions; Definition of First and Second Element Costs; Balancing Adjustments - Interaction with CGT; Low Value Software Development Pools; Primary Production Depreciating Assets; Immediately Deductible Capital Expenditure; Expenditure Deductible over time - Project Pools and Business Start-Up Costs.
Chris Hood is presently a Senior Tax Counsel in the Australian Taxation Office. He has an extensive background in several areas related to trust taxation, including the operation of Divisions 6C and 6B of the Income Tax Assessment Act 1936. He worked as a member of the secretariat to the Review of Business Taxation (the Ralph Review). Before joining the ATO in 1984, and an extended career in legislative instructing work, Mr Hood was a solicitor in private practice in Sydney.
- Current at
11 May 2010