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EXTENDED WRITE-OFF STIMULUS

The instant asset write-off threshold has now been increased to $150,000* and expanded access to include businesses with aggregated annual turnover of less than $500 million (up from $50 million).

 

This has been extended from 12 March 2020 until 31 December 2020, for new or second‑hand assets first used or installed ready for use in this timeframe.

 

For more information on this, please consult your Financial Advisor and visit business.gov.au.