The business instant asset write off deduction has been increased from $20,000 to $30,000 until June 2020. The $30,000 threshold applies from assets purchased from 2 April 2019.
Medium sized businesses up to a turnover of less than $50m are also eligible, in addition to small businesses with an aggregated turnover of less than $10 million as has applied previously.
Please talk to the friendly team at Wangara Kia for more information or to answer any questions that you may have.
The business instant asset write off deduction has been increased from $20,000 to $30,000 until June 2020. The $30,000 threshold applies from assets purchased from 2 April 2019.
Medium sized businesses up to a turnover of less than $50m are also eligible, in addition to small businesses with an aggregated turnover of less than $10 million as has applied previously.
Please talk to the friendly team at Wangara Kia for more information or to answer any questions that you may have.
