Tax Depreciation - Division 40 & 43

Please note: The webinar access link will be emailed to the attendees the day of the session.

This 2 hour webinar will provide participants with an overview of Division 40 and Division 43 of the Income Tax Assessment Act (1997) as amended.

The webinar will include a range of flowcharts and tables designed to simplify the content. Participants will be provided with a variety of examples, including true/false questions. As such, the workshop will be highly interactive and will aim to keep participants engaged.

Key Topics

•        Who is the Holder of a Depreciating Asset?
•        What is a Depreciating Asset?
•        Determining the Cost of a Depreciating Asset
•        Determining the Effective Life of a Depreciating Asset
•        Calculating the Decline in the Value of Depreciating Assets - Two Methods: Prime cost v Diminishing value
•        Which Intangible Assets qualify for depreciation?
•        Special Rules Relating to Different Types of Taxpayers
•        Individual taxpayers
•        Small business entity (SBE) taxpayers
•        Medium business entity taxpayers
•        Large business entity taxpayers
•        The Instant Asset write-off and Full Temporary Expensing
•        Computer Software
•        Disposals of Depreciating Assets - Balancing Adjustments
•        When does Division 43 apply?
•        What is included in capital works?
•        What does construction expenditure include and exclude?
•        Division 43 Capital Works Allowance Rates - 2.5% or 4%
•        Making the Distinction between Division 40 and Division 43

About the Speaker

Stephen Marsden CPA
Lecturer, QUT Business School

Stephen Marsden is a full-time lecturer employed at the QUT Business School, where he is responsible for lecturing and tutoring a range of financial accounting and law units at both undergraduate and postgraduate levels.

Stephen has presented numerous professional development seminars and workshops over the past thirty years for CPA Australia in the areas of financial reporting, FBT, income tax and GST.

He has also authored several of CPA's course manuals including Understanding Key Accounting Workshops in a Day, Preparing Annual Financial Statements, FBT in a Day and FBT: Cars, Car Parking and Salary Packaging. Stephen is also a registered tax agent who also runs his own small boutique accounting practice where he provides a range of accounting and taxation services and advice to clients in the private, public and nonprofit sectors.