What changes have been proposed in the Federal Budget?

  • Posted by Fit for Market
  • On May 25, 2020

The changes proposed look to expand the availability of tax incentives to larger businesses, over a longer period of time with consideration to making the Instant Asset Write-Off available for new Asset Purchases of $150,000 or more by removing the threshold. The details need to be agreed and pass through Parliament but in essence, huge tax incentives should remain available for businesses purchasing assets.