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EE 23: Combined pools
or “Combining multiple asset pools into a single pool”
You could also call this:

“When property no longer qualifies for pooling”

If you have an item of property in a pool and you start using it in a way that doesn’t meet the requirements of [section EE 66(4)], you need to treat it as if you sold it and bought it back on the same day. Here’s what you need to do:

You should act as if you sold the item for its market value on the day you started using it differently. Then, you should act as if you immediately bought it back for the same market value.

This means you need to account for the item as if these two transactions happened, even though you still have the item and didn’t actually sell or buy it.

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Next up: EE 25: Depreciation loss for plant variety rights application granted in 2005–06 or later income year

or “Tax deduction for plant variety rights application costs”
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Part E Timing and quantifying rules
Depreciation

EE 24Property ceasing to qualify for pool

  1. If a person starts using an item of property included in a pool in such a way as to cause the item to cease to meet the requirements of section EE 66(4), they must account for it as if, on the day they first used it in that way,—

  2. they disposed of it for its market value; and
    1. they immediately reacquired it for its market value.

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