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Sunday, 04 March 2018 12:04 Written by


$20,000 Instant Asset Write-Off Extended




The Treasury Laws Amendment (Increasing the Instant Asset Write-Off for Small Business Entities) Bill 2019 was passed by the House of Representatives and Senate on 4 April 2019. The amendment increases the threshold of the scheme to $30,000 and expands eligibility to medium-sized businesses with a turnover of less than $50 million.


We have written an extensive article on the Amended Instant Asset Write-Off scheme which you can access here.



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