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Temporary Full Expensing

Newbie

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Replies 1

Can Temporary Full Expensing be claimed on capital works assets such as coldrooms for a business?

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Most helpful response

ATO Community Support

Replies 0

Hi @C_Bel

 

Eligible assets [for temporary full expensing] do not include: ... buildings and other capital works for which you can deduct amounts under Division 43.

 

This means most capital works will not be eligible for temporary full expensing.

 

You can read about temporary full expensing on our website, and Division 43 of the ITAA 1997 Deductions for capital works on our legal database.

 

1 REPLY 1

Most helpful response

ATO Community Support

Replies 0

Hi @C_Bel

 

Eligible assets [for temporary full expensing] do not include: ... buildings and other capital works for which you can deduct amounts under Division 43.

 

This means most capital works will not be eligible for temporary full expensing.

 

You can read about temporary full expensing on our website, and Division 43 of the ITAA 1997 Deductions for capital works on our legal database.