Fair chance that instant asset write off will be extended by another year to capture the broader range of businesses up to $500m in turnover IMO.
It will be political suicide if the government turns the tap abruptly off as suggested here...
From 1 January 2021 the instant asset write-off will only be available for small businesses with an aggregated turnover of less than $10 million and the threshold will be $1,000.
https://www.ato.gov.au/Business/Dep...-small-business/Instant-asset-write-off/#Note
Budget on 6 oct will clear things up.
Fair chance that instant asset write off will be extended by...
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