$20,000 instant asset write-off for your Art Collection
3 October 2018 The $20,000 threshold has been recently extended to 30 June 2019. If you buy an asset like art and it costs less than $20,000, you can write off the business portion in your tax return for the relevant income year. You are eligible to use simplified...
$20,000 instant asset write-off for your Art Collection
$20,000 asset write-off – 12 May 2015 From 12 May 2015, small businesses with aggregate annual turnover of less than $2 million are immediately able to deduct any new assets purchased, provided the assets cost less than $20,000.As reported in the Sydney Morning...
$20,000 instant asset write-off for your Art Collection
$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...Search
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