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Foundations of Tax 2019 - Capital Allowances


In this session, one of our Senior Tax Trainers will provide you with a fundamental understanding of the essential topics, and a firm base for more complex tax topics.

About

Content Description

Join us as we cover everything from GST, PAYG and FBT, to CGT and other Australian tax system essentials. A firm understanding of these essentials will give you a great head-start as a tax professional.

In this session, one of our Senior Tax Trainers will provide you with a fundamental understanding of the essential topics, and a firm base for more complex tax topics.

Session Information

This session explores the tax principles underlying the various forms of capital allowances. Ensure you are aware of the issues when dealing not only with depreciating assets but special types of ‘pooled expenditure’, certain capital expenditure and capital works. This session will cover:

  • General operation of the capital allowance provisions
  • Requirements for a depreciation deduction or immediate write-off
  • Calculating the cost of depreciating assets
  • Assessing the effective life of depreciating assets
  • Prime cost and diminishing value methods
  • Balancing adjustment events
  • Pooling of depreciating assets
  • Capital works.
Benefits

Understanding areas such as assessable income, allowable deductions, capital allowances, GST, FBT, and CGT will start you off in the right direction for a successful career in tax. This series is also perfect as a refresher, to make sure you’re on top of the latest changes.


EVENT DETAILS


Topic: Tax

Sub-Topic: Business Tax

Format: Recorded Webinar

Proficiency Level: Foundation, Intermediate, Advanced

CPD: 1.5 hours