$20,000 Asset Write-off extension

Treasurer Scott Morrison revealed the highly popular asset write-off measure would be extended, and also be made available to businesses with a larger turnover of up to $10 million.

“Small businesses with a turnover up to $10 million will continue to be able to immediately write off expenditure up to $20,000 for a further year,” he said.

The extension will now expire on June 30, 2018.

See Small Business newsroom.