$20,000 Instant Asset Write-Off Extended
UPDATE: 4 APRIL 2019
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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