![]() ![]() Writedown of equipment full#Other capital expenses Certain start-up expenses immediately deductibleĮligible businesses can claim a deduction for the full amount of certain professional start-up expenses in the income year the expenses occurred. You can use our Depreciation and capital allowances tool to help you calculate the deduction available from a depreciating asset, or claims you are entitled to for capital allowance and capital works purposes. There are exceptions to the general depreciation rules, such as those that apply to construction costs. In this case, you must work out how much the asset depreciated before you started using it in your business and use the reduced value as the asset’s base value.
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