How much can I spend on purchasing new Asset(s)?
- Posted by simon-perrin
- On May 26, 2020
- 0 Comments
Subject to other criteria Accelerated Depreciation can be applied to new Assets purchased and ready for use in the 2020-21 financial year. Importantly eligible assets acquired and ready for use prior to 31 December 2020 up to the $150,000 threshold can be instantly written off. After this the instant asset write-off threshold reduces to $1,000 however the Accelerated Depreciation incentives will remain through to 30 June 2021.