tradespeople new size imageThe ATO has implemented new laws that allow small businesses to claim a full immediate deduction for assets they start to use or have installed ready for use; providing each depreciable asset purchased costs less than $20,000. this will replace the previous instant asset write-off threshold of $1000.

Valid for Purchases from 13th May 2015 unitl 30th June 2017

If you are self employed and hold an ABN that meets the definition of a small business entity with an aggregated turnover less than $2 Million dollars, you may be eligible to claim an immediate deduction for the cost of depreciating assets acquired for less than $20,000.