Loading
This thread is archived and the information may not be up-to-date. You can't reply to this thread.
Lemo76(Newbie)Newbie
7 Feb 2024

I am using MyTax for the first time and would like to use the depreciation and capital allowances tool. If I had depreciable assets which my accountant has been claiming under the diminishing cost method and I want to add these assets to the tool, how do I apportion my claimable amount and that for my husband as we are joint tenants (50%).

193 views
1 replies
193 views
1 replies

Most helpful response

Most helpful reply

TeddyATO(Community Support)Community Support
9 Feb 2024

Hello @Lemo76,


You'll need to apportion the deduction according to your ownership/interest in the asset. So you'll claim the deductible decline in value x 50%.

All replies

Most helpful reply

TeddyATO(Community Support)Community Support
9 Feb 2024

Hello @Lemo76,


You'll need to apportion the deduction according to your ownership/interest in the asset. So you'll claim the deductible decline in value x 50%.

Featured articles

Finding your TFN

6 Feb 2026 · 4 min read time

Linking the ATO to your myGov account

16 June 2026 · 2 min read time

Where's my tax return?

15 Apr 2026 · 4 min read time

Top liked users

  1. Bruce4Tax

    (Taxicorn)

    3135 likes

  2. Taxduck

    (Taxicorn)

    2212 likes

  3. PayrollDeanne

    (Taxicorn)

    891 likes

  4. YellowPotato

    (Taxicorn)

    592 likes

  5. knaresbro

    (Devotee)

    385 likes

Top contributors

  1. Bruce4Tax

    (Taxicorn)

    9734contributions

  2. Taxduck

    (Taxicorn)

    5009contributions

  3. PayrollDeanne

    (Taxicorn)

    2123contributions

  4. YellowPotato

    (Taxicorn)

    1473contributions

  5. YEP

    (Devotee)

    836contributions

Loading
I am using MyTax for the first time and would like to use thdepreciation and capital allowances tool | ATO Community