Tax Depreciation Essentials - RECORDING


When: Wednesday, 22nd February 2017
What Time: 12:00 pm - 1:30 pm Sydney Time
Where: Online - join via your computer!
Your Hosts: Ken Mansell
Cost: Members $80
           Non-Members $100

Note: A copy of the recording will be sent to all registered participants.


In this one and half hour session we will cover the basics of ‘Capital Allowances and Capital Works Deductions’ found in Division 40 and Division 43 of the Income Tax Assessment Act 1997.


The session will cover, with a focus on rental properties, the following:

Division 40 - Capital Allowance Essentials

  • Introduction to Division 40
  • Decline in value of depreciating assets
  • Depreciating assets
  • Hold a depreciating asset
  • Calculating the decline in value
  • Cost
  • Balancing adjustments
  • Immediate deductions
  • Low value and software development pools
  • Other specific allowances in Division 40

Division 43 - Capital Works Essentials

  • Introduction to Division 43
  • What are capital works?
  • Deductible capital works
  • Calculating the Division 43 deduction
  • Transactions affecting capital works
  • Identifying Division 43 assets
What I will learn:

You will learn the basics of how tax depreciation works, from the tax side. This knowledge, combined with your QS skills, will assist you in preparing accurate Tax Depreciation Schedules for your clients.

Who should attend:

Anyone who is, or is considering preparing Tax Depreciation Schedules, and often wonders if they understand when and how much a client can claim for various capital assets.

Register Today to receive a recording of the webinar!


About the Presenter

Ken Mansell
Ken currently works as a tax trainer for a series of organisations. He has worked in almost every role you would expect from someone who loves tax, including on the secretariat of the Review of Australia's Future Tax System ("Henry Review"), in the office of the Assistant Treasurer advising on taxation policy and in the Federal Treasury developing and implementing tax policy. Ken has also worked in the Tax Division for both KPMG and Deloitte, as a Tax Trainer and Tax Specialist for the Institute of Chartered Accountants in Australia and the Head of Taxation for the Seven Network Limited group and Raytheon.