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Tag Archives: «Extension»

201811.19
1

$20,000 Instant Asset Write-Off Extension

in Stanton Mienert News Tags: Extension, Instant Asset Write-Off

The $20,000 threshold has been recently extended to 30 June 2019. If you buy an asset and it costs less than $20,000, you can write off the business portion in your tax return for the relevant income year. You are eligible to use simplified depreciation rules and claim an immediate deduction for the business portion of…

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