Commonwealth Consolidated Acts Commonwealth Consolidated ActsFor all the expenditure on * in - house software in a software development pool that was incurred in a particular income year ( Year 1 ), you get deductions in successive income years as follows:
Deductions allowed for software development pool | ||
| Column 1 | Column 2 |
Item | Amount of expenditure you can deduct for that year | |
1 | Year 1 | Nil |
2 | Year 2 | 30% |
3 | Year 3 | 30% |
4 | Year 4 | 30% |
5 | Year 5 | 10% |