Instant Tax Write Off Increased to $30,000
The Instant Tax Write Off has now been increased to $30,000 and extended to 30 June 2020.
The instant asset write-off now also includes businesses with a turnover from $10 million to $50 million.
Claim a deduction of up to $30,000 for the business portion of each asset (new or second hand), purchased and first used or installed ready for use from 7.30pm (AEDT) on 2 April 2019 until 30 June 2020.
If you have been thinking about your next purchase, don’t hold off the growth of your business, speak to our team today for no obligation pre-approved finance – call 1300 000 657