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 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.