![]() Employees – Work-related expensesĮmployees can claim their computer costs to the extent that they directly relate to the earning income from their employment.Īll non-business taxpayers can claim a full deduction if the computer, laptop or tablet costs no more than $300. The diminishing value and prime cost calculation methods are explained here.Īttention Small Businesses: See the more generous instant asset deductions currently available under temporary measures for accelerated business depreciation claims and ATO Depreciation. Under the depreciation formula, this converts to a Diminishing Value percentage rate of 100% or Prime Cost 50% Mobile/Portable Computers (including laptops and tablets) – effective life of 2 years (from 1 July 2016).Under the depreciation formula, this converts to a Diminishing Value percentage rate of 50% per annum or Prime Cost 25% The current Effective Life estimates for computers under Table B are: ![]() For small businesses, the instant asset deduction rules may also provide a full deduction in the first year. Anything under $300 for work-related non business use is also claimable in the year of purchase. Using the Tax Office’s determined rates, the deductible cost of a computer can be claimed over 4 years laptops and tablets over 2 years. Computers and laptops used for work, or partly for work, may generally claimed as a tax deduction, with the claim adjusted to include the percentage of business or work use.
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