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Instant tax write-off for small business assets extended

Posted by Northadvisory on February 4, 2019

The Prime Minister has announced that, from 29 January 2019, the instant asset write-off scheme will be extended so that it is available to small businesses until 30 June 2020. The threshold for the assets purchased under the scheme will increase to $25,000 (from $20,000 currently).

The government will introduce a Bill when parliament resumes on 12 February 2019.

If you have any questions regarding this matter , please do not hesitate to contact us.

Norman Ruan
T: 02 9984 7774