Support for business investment
As announced in the stimulus package on 12 March 2020
If your annual turnover is under $500 million, the instant asset write-off threshold has increased from $30,000 to $150,000, until 30 June 2020.
There are also additional depreciation deductions for assets in the year of purchase until 30 June 2021.
For more information
We recommend you contact your tax adviser for advice about business investment.