FB2020 Business Tax – Instant asset write-off: minor change
Instant asset write-off: minor change Given the largesse of the new outright deduction for capital assets until 30 June 2022, the instant asset write-off rules have become temporarily irrelevant for most taxpayers (those with aggregated annual turnover of less than $5 billion). Accordingly, there were no changes to the rules, other than a slight tweaking for costs […]