Thinking of purchasing assets for your business?
The instant asset write-off threshold has been increased to $30,000 and extended to 30 June 2020.
If you purchase an asset (new or second hand) costing less than $30,000 and it is used or installed ready for use from 7:30 pm AEDT on 2 April 2019, you can claim a deduction for the business portion.
Different thresholds apply for assets purchased.
Click here for more information.
Assets that cost $30,000 each or more can’t be immediately deducted. You can continue to deduct them over time using the small business pool.