Tax Depreciation · Koste Knowledge Base
Understanding Instant Asset Write-Off for Rental Properties
Quick Answer
The instant asset write-off allows property investors to immediately deduct the cost of eligible depreciating assets up to a specific threshold. This applies under Division 40 of the ITAA 1997, helping reduce taxable income in the year of purchase. Eligibility and thresholds can vary, so consult your accountant for current specifics.
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