The instant asset write off threshold has increased to $30,000, for assets purchased and installed from 7:30pm, 2 April 2019 until 30 June 2020 for small businesses.
Small businesses may also claim a deduction for each asset purchased up to the following thresholds:
▪️ $25,000 from 29 January 2019 to before 7:30pm on 2 April 2019
▪️ $20,000 before 29 January 2019
Feel free to contact our office if you have any questions!