COVID-19 $150,000 Instant Asset Write Off limit extended to 31st December 2020

The limit had been moving gradually up for a number of years and was sitting at $30,000 at the beginning of this year. In response to the rapidly escalating COVID-19 pandemic and its impact on business, the Government announced a range of stimulus measures, one of which was a significant increase of this limit to $150,000 per asset, as well as an increase in the eligibility threshold to businesses with annual turnover of up to $500 million.

You can read the full version here.

Posted: June 18, 2020 | 0 comments

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