Instant Asset Write-Off
Until 31 Dec 2020
Available Immeditly from the warehouse
Find out about more on IAWO.
Business: Increasing the Instant Asset Write-Off
Last Updated: 02 April 2020
The instant asset write-off threshold has been increased from $30,000 to $150,000 and expanded access to include businesses with aggregated annual turnover of less than $500 million (up from $50 million). This applies from 12 March 2020 until 30 June 2020, for new or second‑hand assets first used or installed ready for use in this timeframe.
ATO : Instant asset write-off for eligible businesses
Recommended discuss with your Tax agent for more information.