What is a Low-Value Pool and When Can I Use It?

Quick Answer

A low-value pool is a tax mechanism allowing investors to depreciate assets with a value below a set threshold more quickly. Under **Division 40 of ITAA 1997**, assets costing less than $1,000 or with a written-down value below $1,000 can be pooled. This simplifies depreciation and accelerates deductions. Consult your accountant for precise application.