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Can low cost capital works assets be given an immediate deduction?

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In the case of a residential property which is being let out, the value of depreciating assets costing 300 dollars or less can either be added to a low value pool or granted an immediate deduction.  Does the same apply for capital works? I am thinking of electrical assets such as powerpoints and light switches.  

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Taxicorn

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@Taxed 

 

Low cost assets costing under $300 are not added to a low value pool, why would they be?

There are depreciated 100%.

 

Any capital works costing under $300 would also be depreciated 100%.

 

1 REPLY 1
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Most helpful response

Taxicorn

Replies 0

@Taxed 

 

Low cost assets costing under $300 are not added to a low value pool, why would they be?

There are depreciated 100%.

 

Any capital works costing under $300 would also be depreciated 100%.