Legislation Updates · Koste Knowledge Base
What Are the Changes to the Instant Asset Write-Off Threshold?
Quick Answer
The instant asset write-off threshold has seen various changes, most recently under the Temporary Full Expensing measure, allowing businesses to immediately deduct the cost of eligible assets. This applies to assets acquired from 6 October 2020 until 30 June 2023, with no threshold limit. Consult your accountant for specific applicability.
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