Tax Depreciation: Recent changes, changes to come and a few myths
CPD Points: 1.5

This session will cover some of the challenging issues that come up in Tax Depreciation.

What you will learn:

- How to use the Commissioner's  effective life ruling (TR 2018/4 - Income Tax: effective life of depreciating assets);
- How to apply Division 40 to composite items, especially when the $20,000 instant asset write off might apply (TR 2017/D1 Income tax: composite items and identifying the depreciating asset) for the purposes of working out capital allowances; 
- Can I claim any Division 40 deductions for my business’ website? (TR 2016/3 Income tax: deductibility of expenditure on a commercial website);
- What can I claim when I am a part of a strata body? (TR 2015/3 Income tax: matters relating to strata title bodies constituted under strata title legislation);
- And we will look at the myths of tax depreciation schedule, including the myths that have arisen in relation to the recent changes in tax depreciation. For example, to sell the property, the current owner who lives in the property does substantial renovations, including adding numerous depreciation assets. They then sell the property to a new owner. Can the new owner claim Division 40 deductions on the new depreciable assets? What if they had never been turned on?

Who should attend:

Anyone with a good understanding of tax depreciation schedules.

About the Presenter
Ken Mansell 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 Australia.

Date:Via recording
Cost: $80 Members/ $100 Non Members
Register: Click here to register

Recording Expiry Date: 18 January 2019