Taking Advantage Of The $150,000 Instant Tax Write-off

In response to COVID-19, the Australian government increased the instant asset write-off to $150,000 until 31^st December 2020

• The installation date of assets purchased by 31^st December 2020 was extended until 30^th June 2021.
• This incentive has now been replaced by Temporary Full Expensing.

**Disclaimer**Please note that this advice is general only. Speak to a qualified accountant to find out how this would apply to your business.

Article updated May 2021