Temporary full expensing allows eligible businesses to deduct the full cost of eligible depreciating assets of any value, in the year they are first held, first used or installed ready for use for a taxable purpose. 

You have 2 options for temporary full expensing:

Note: You may be eligible for temporary full expensing if you are one of the following: 

- a business with an aggregated turnover of less than $5 billion. 

- a corporate tax entity that meets the alternative income test. 

Learn more from the ATO

A. Using LodgeiT "Tools"

Record the asset group as "Temporary Full Expensing" via Tools > Depreciation 


Make sure to select "Temporary Full Expensing" as Type






B. Record directly via tax form. Learn more