Eligible businesses can claim an immediate deduction for the business portion of the cost of an asset in the year the asset is first used or installed ready for use.
Instant asset write-off can be used for:
- multiple assets if the cost of each individual asset is less than the relevant threshold.
- new and second-hand assets.
visit: https://www.ato.gov.au/Business/Depreciation-and-capital-expenses-and-allowances/Simpler-depreciation-for-small-business/Instant-asset-write-off/
Posted on: 12 April, 2019
Welcome to TaxPlus Accountants & Advisors, a modern, innovative and pro-active accounting firm l..... Read more
Posted on: 12 April, 2019
Eligible businesses can claim an immediate deduction for the business portion of the cost of an asse..... Read more
