Depreciation Worksheet: Low Value Pool Transfer Options
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The Individual Tax Return Item D6 requires a breakdown of the Low Value Pool deduction to enable the Income Test fields to be completed.
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To assist in the transferability, the Depreciation Worksheet has a number of options that can be selected for the Low Value Pool deduction.
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Transfer choices 5 and 6 will place the low value pool figures in item D6 and the applicable information field for Investments or Other.
Transfer choice 3 will not transfer the Low Value Pool figures to the Rental Schedule, but rather at Item D6 as required, the information field for Rental at Item D6 will be completed.
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Note: The rental percentage ownership is also taken into account if a Rental Schedule has been completed.


