Non Current Unexpired Preliminary Expenses

<p >You can claim a deduction for certain other business-related capital expenses you incur, as long as you can't claim a deduction for them under any other part of tax law.</p>

<ul >

<li ><a class="bookmark" href="https://www.ato.gov.au/business/income-and-deductions-for-business/depreciating-assets/other-capital-expenses/#Immediatedeductionofexpensesforstartups" >Immediate deduction of expenses for start-ups</a></li>

<li ><a class="bookmark" href="https://www.ato.gov.au/business/income-and-deductions-for-business/depreciating-assets/other-capital-expenses/#Fiveyearwriteoffforagreaterrangeofbusine" >Five-year write-off for a greater range of business related costs</a></li>

<li ><a class="bookmark" href="https://www.ato.gov.au/business/income-and-deductions-for-business/depreciating-assets/other-capital-expenses/#Fiveyearwriteoffforcertainleaseandlicenc" >Five-year write-off for certain lease and licence termination payments</a></li>

</ul>

<h2 ><a class="anchor" id="Immediatedeductionofexpensesforstartups" > </a>Immediate deduction of expenses for start-ups</h2>

<p >From 1 July 2015, small businesses and entities can immediately deduct certain professional expenses incurred with starting up a new small business.

Expenses can only be immediately claimed if the entity that incurred the expenditure is a small business entity for that income year.

If you are an individual taxpayer (operating either alone or in partnership) you may be able to defer your deduction to a later income year using the non-commercial loss provisions.</p>