What changes have been proposed in the Federal Budget?
- Posted by Fit for Market
- On May 25, 2020
- 0 Comments
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.