Im Starting up a business. If I buy a computer. Can I clam 100% cost of computer or

[Ricardo S]

less? Does the ATO at tax time allow a business to clam 100% or less the cost of Equipment that is used to run the business?

 

[Minty_01]

Businesses can claim 100% cost of assets so long as they are under $1000 whereas individuals can claim up to $300. If they go over this amount they will need to be depreciated and you claim a percentage of the cost back each year until the full amount has been claimed. Generally a desktop computer is depreciated for 4 years and laptops for 3. I hope this answers your question

 

[fatsausage]

Since the computer will have a Life exceeding one year - you must depreciate it over its anticipated life.