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Instant Asset Write-Off
- ausbizsolutions
- May 11, 2023
- 1 min read
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.
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