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HandiTax - Enter pooled assets in a Depreciation Worksheet in HandiTax

Updated over 3 weeks ago

In a tax return in HandiTax, you can use the Pooling option within the Depreciation Worksheet.

  1. Log in to HandiTax and select a client's tax return.

  2. Go to the Depreciation Worksheet, then click Edit.

  3. Enter 1, Low Value or 2 General Pool in the Pooling field.

  4. Add each asset to the worksheet.

  5. The minimum fields required for each asset are:

  6. New Asset

    1. Description

    2. Total Cost

    3. 'N' type

    4. Acq Date

    5. Acq Cost

    6. P/D

  7. Existing Asset

    1. Description

    2. Total Cost

    3. 'E' type

    4. Opening

    5. P/D

Important: Once an asset is pooled, it loses its individual value. As such, a depreciation rate doesn't need to be entered against each asset, as it's based on the total pool rate.
​You can enter the rate against each asset for record-keeping purposes.

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