Statutory Depreciation Regimes for Intangible Assets
Currently, Australia’s uniform capital allowance system does not include a single mechanism for recognising the cost of intangible wasting assets. Instead, it has a number of separate and to some extent inconsistent regimes for different types of assets recognised by statute. It has been suggeste...
| Main Author: | |
|---|---|
| Format: | Journal Article |
| Published: |
2021
|
| Online Access: | http://hdl.handle.net/20.500.11937/84397 |
| _version_ | 1848764646761168896 |
|---|---|
| author | Allen, Christina |
| author_facet | Allen, Christina |
| author_sort | Allen, Christina |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | Currently, Australia’s uniform capital allowance system does not include a single
mechanism for recognising the cost of intangible wasting assets. Instead, it has
a number of separate and to some extent inconsistent regimes for different types
of assets recognised by statute. It has been suggested that Australia should adopt
a single mechanism to enable the tax system to accurately measure net income.
However, implementing this suggestion would be ineffective without an in-depth
understanding of the existing depreciation rules that apply to certain types of
intangible assets. This article examines the history of the rules relating to four
categories of depreciating assets and the policies underlying them: 1) rights and
information in the resource industry; 2) intellectual property, other than trademarks,
protected by statute; 3) in-house software; and 4) statutory or contractual rights
relating to media and telecommunications. While these intangible wasting assets
differ significantly, reviewing the depreciation rules for each category provides
useful insights for building a new universal depreciation regime that can apply to all
intangible wasting assets. |
| first_indexed | 2025-11-14T11:22:40Z |
| format | Journal Article |
| id | curtin-20.500.11937-84397 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T11:22:40Z |
| publishDate | 2021 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-843972022-01-05T02:21:08Z Statutory Depreciation Regimes for Intangible Assets Allen, Christina Currently, Australia’s uniform capital allowance system does not include a single mechanism for recognising the cost of intangible wasting assets. Instead, it has a number of separate and to some extent inconsistent regimes for different types of assets recognised by statute. It has been suggested that Australia should adopt a single mechanism to enable the tax system to accurately measure net income. However, implementing this suggestion would be ineffective without an in-depth understanding of the existing depreciation rules that apply to certain types of intangible assets. This article examines the history of the rules relating to four categories of depreciating assets and the policies underlying them: 1) rights and information in the resource industry; 2) intellectual property, other than trademarks, protected by statute; 3) in-house software; and 4) statutory or contractual rights relating to media and telecommunications. While these intangible wasting assets differ significantly, reviewing the depreciation rules for each category provides useful insights for building a new universal depreciation regime that can apply to all intangible wasting assets. 2021 Journal Article http://hdl.handle.net/20.500.11937/84397 fulltext |
| spellingShingle | Allen, Christina Statutory Depreciation Regimes for Intangible Assets |
| title | Statutory Depreciation Regimes for Intangible Assets |
| title_full | Statutory Depreciation Regimes for Intangible Assets |
| title_fullStr | Statutory Depreciation Regimes for Intangible Assets |
| title_full_unstemmed | Statutory Depreciation Regimes for Intangible Assets |
| title_short | Statutory Depreciation Regimes for Intangible Assets |
| title_sort | statutory depreciation regimes for intangible assets |
| url | http://hdl.handle.net/20.500.11937/84397 |