Instant Asset Write-off Extended until December 31st

30 June 2020

Announced on the 9th of June, the Australian Government has extended the $150,000 instant asset write-off from June 30th to the end of December 2020. This means businesses have another 6 months to purchase any new or used equipment valued under $150,000, and significantly reduce their tax for this financial year by claiming the full cost towards reducing their taxable income.

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