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06 Jun 2019 $30,000 instant asset write-off

The instant asset write-off threshold has been increased to $30,000 and extended to 30 June 2020. 

If you purchase an asset (new or second-hand) costing less than $30,000 and it is used or installed ready for use from 7:30pm AEDT on 2 April 2019, you can claim a deduction for the business portion. 

Different thresholds apply for assets purchased before that date: 

  • from 29 January 2019 until before 7.30pm AEDT on 2 April 2019, the threshold is $25,000
  • before 29 January 2019, the threshold is $20,000.

Find out more here. 

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