Capital Allowances

<p ><strong >Other businesses and individuals</strong>&#160;(including property investors and employees) use the&#160;<b>general depreciation rules</b>, which set out the amounts (capital allowances) that can be claimed, based on the asset's effective life.

Under the general depreciation rules, an immediate write-off applies to:</p>

<ul >

<li >items costing up to $100 used to earn&#160;<strong >business income</strong>&#160;(but note the higher immediate write-off limit for small businesses mentioned above)</li>

<li ><a href="https://www.ato.gov.au/Individuals/Income-and-deductions/In-detail/Capital-allowances--$300-immediate-deduction-tests/" >items costing up to $300 used to earn income other than from a business</a>&#160;(such as employee-provided tools and equipment)</li>

</ul>

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