Instant Asset Write-Off

The end of financial year is fast approaching, with major changes to the instant asset write-off from 1 July 2023. The new Federal Government policy change effective 1 July 2023 reduces the instant asset write-off from $150,000 to $20,000.

Contact us on 0407 209 336 to discuss how businesses with a turnover of less than $10 million can immediately deduct the full cost of assets costing less than $150,000 that are first used or installed ready for use before 1 July 2023.