Support for business investment

Written on the 8 May 2020 by Arrow

Support for business investment

 

The government is loosening the criteria around the instant asset write-off. Pre-Coronavirus, businesses with a turnover of up to $50 million could instantly write-off the purchase of assets costing up to $30,000. Post-Coronavirus, businesses with a turnover of up to $500 million can write off asset purchases of up to $150,000.


ArrowAuthor: Arrow

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