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.
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