CPD 1.5 hours On Demand Course Online

Foundations of Tax 2021-23 - Session 9: Capital allowances: Core rules

This recorded session covers the tax principles for capital allowance deductions, balancing charges on asset disposal, and deductions for buildings.

$109.09

non-member : $130.91

Description

Learning outcomes

On successful completion of this topic, participants should be able to:

  • Explain the concept of depreciation (i.e. decline in value) and the conceptual framework of Division 40 ITAA97
  • Demonstrate an understanding of the key concepts that must be utilised when calculating depreciation deductions including:
    • Cost
    • Effective life
    • The prime cost and diminishing value methods
    • Balancing adjustment event
    • Apply these issues in a practical context.

This session forms part of the Foundations of Tax Series

The Benefits:

These concise sessions have been specifically designed for our online education platform, to ensure that you get an in-depth understanding of the fundamental tax topics in minimal time.

Presenter