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Increased Asset Write-Off Threshold

ClosedProgram Further Information: https://www.ato.gov.au/Business/Depreciation-and-capital-expenses-and-allowances/Simpler-depreciation-for-small-business/Instant-asset-write-off/

The Instant Asset Write-Off provides businesses with an asset write-off of up to $150,000 for assets costing less than the instant asset write-off threshold which are purchased and used in the year that the write-off is claimed.

To be eligible, your business must have an aggregated turnover of less than $500M. The asset must cost less than the instant write-off threshold, and be purchased and used in the year that the write-off is claimed.

Last Updated: 30th of June 2021
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