Below is a PLAIN SPEAK table & summary of the Instant Asset Write Off tax incentives announced in the Federal Government’s 2020 Budget on 6th October 2020.
Instant Asset Write Off Incentives available for businesses based on annual turnover
If you would like to know more, the Government Fact sheet link here has excellent explanation with examples (see pages 9-12) https://budget.gov.au/2020-21/content/factsheets/download/tax_fact-sheet.pdf
Mark O’Donoghue, Founder & CEO Finlease
Finlease home page
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