The ATO has announced that from the 12th March till the 30th June:
With the specified instant asset write-off eligible Australian business can:
immediately write off the full cost of each business asset with a cost less than the announced 150,000 instant asset write off treshold
claim a tax deduction for the business portion of the purchase cost in the year the asset is first used or installed ready for use.
ThisInstant asset write-off is not only accepted for new assets. Also second hand business machinery and assets can apply. As Some exclusions and limits apply please make sure you check with mhf finance or your accountant or financial advisor to make sure you can use this tax advantage for your purchase.
The instant asset write-off eligibility criteria and threshold have changed over time. You need to check your business’s eligibility and apply the correct threshold amount.
How Much Do Monthly Payments For Excavator Finance Cost? If you’re in the construction business and in need of an excavator, chances are you’re thinking about whether to purchase or finance one. While buying a new excavator seems like the easiest option, not all...
What To Consider When Getting Truck Loans Australia The trucking industry is one of the largest sectors in the country. To stay ahead of the competition, you have to make sure to have the most modern and a wide selection of trucks to choose from. While the thought of...
What Types Of Equipment Can Our Equipment Finance Broker Brisbane Help With? Any business can benefit from buying or upgrading their current equipment to one with the latest technology. However, the reality is that most business owners don’t have enough working...
