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Fair chance that instant asset write off will be extended by...

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    lightbulb Created with Sketch. 99
    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.
 
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