LodgeiT had to modify the software to meet the ATO requirement for SBE's with general pool and immediate write off. i.e. their design spec for CTR specifically states that general pool and immediate write off should not be treated like regular depreciation.
The taxable deductions for general pool and immediate write off should be reported at 6X. No further adjustment through section 7 allowed.
Note: The key is to split the various depreciation expense line items and classify appropriately.
In the "Reconciliation" treated the add back only for Motor Vehicle Depreciation (it ignored the General Pool and Immediate Write Off)
You have to manually key in the value in "F" Deduction for Decline in Value (of the Motor Vehicle)
And manual key in for "General Pool"
