$150K
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.
Coronavirus information and support for business
Find financial assistance, eligibility and timing for the new government support for Australian businesses. We’ll be updating this page as new information is available. Click Here
