ITAA 1997 s 40-25

Temporary full expensing

Compendium

Compendium

Income tax: what amount of deduction is available under section 40-25 of the Income Tax Assessment Act 1997 for the decline in value of copyright in patient records in respect of arrangements similar to those described in Taxpayer Alert 2004/5?

Income tax: is the cost of a depreciating asset purchased by a taxpayer to assist them undertake a specific client project immediately deductible under section 8-1 or written off over the effective life of the asset under section 40-25 of the Income Tax Assessment Act 1997 if the taxpayer continues to hold the asset after the project ends?

Income tax: once commissioned plant has been handed over to its owner, is the expenditure incurred by a company in bringing the said plant into a fully operational state, deductible under section 8-1 of the Income Tax Assessment Act 1997 ?

Capital expenditure incurred in successfully seeking to obtain a patent

Capital expenditure on a project developing a manufacturing process: successful application for patent

Capital Allowances: second application of 'reasonable to expect' test to hold a depreciating asset

Capital Allowances: deductible balancing adjustment if a depreciating asset is not used

Capital Allowances: assessable balancing adjustment if a depreciating asset is not used

Capital Allowances: use and balancing adjustment events

Capital Allowances: identical or substantially identical depreciating assets

Capital Allowances: installed ready for use - aircraft requiring major repairs

Capital Allowances: hold - application of item 6 of the hold table

Capital allowances: depreciating assets - capital works - deductions for decline in value

Capital Allowances: depreciating asset - section 73BA depreciating asset - full-scale test model

Capital Allowances: cost - section 73BA depreciating asset - full-scale test model - refinement expenses

Capital Allowances: balancing adjustment event - 'section 73BA depreciating asset' - existing full-scale test model - discontinued use

Capital Allowances: cost - 'section 73BA depreciating asset' - new full-scale test model - re-use of components from earlier test model