immediate tax deduction

Instant asset write off concession extended

Admin Business, Tax June 9, 2020June 9, 2020immediate tax deduction, instant asset write off, instant asset write off extended

The instant asset write off concession was increased from $30,000 to $150,000 effective from 12 March 2020 and was one of the measures that the government announced to stimulate the economy during the COVID-19 pandemic. This concession was due to