From 1 July 2001, deductions for the decline in value of most depreciating assets, including those acquired before that date, are worked out under the UCA (uniform capital allowance) rules.
This calculator is designed for small businesses, other than Simplified Tax System taxpayers, to work out the amount of deductions which can be claimed in the current income year for prepaid expenses.
This calculator is designed for small businesses, other than Simplified Tax System taxpayers, to work out the amount of deductions which can be claimed in the current income year for prepaid expenses.