• Hannah Phillips

Extending The $20,000 Instant Asset Write-off

Treasurer Scott Morrison on Thursday announced the government is introducing legislation to extend the instant asset write-off.

This legislation will extend the $20,000 instant asset write-off by a further 12 months to 30 June 2019.

Around 3.3 million small businesses across the country with an annual turnover of less than $10 million are eligible to access the $20,000 instant asset write-off.

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