How does the Tax Break apply to batches and sets of assets?
You can aggregate your investment in assets that are identical, or substantially identical, and in assets that form a set for the purposes of meeting the relevant threshold. Whether assets form a set will need to be determined on a case by case basis. Items may be regarded as a set if they are dependent on each other, marketed as a set, or designed and intended to be used together. The ATO can assist you in understanding whether certain assets form a set or are substantially identical (see www.ato.gov.au).
