Instant asset write-off level confirmed

Small business owners will be pleased to know that at the ‘last minute’ the instant asset write-off level for the year ended 30 June 2024 was confirmed at $20,000. This means, for eligible assets, a 100% tax deduction can be claimed for an asset purchased during that year. The asset must have been installed and ready for use by midnight on 30 June 2024. Read more ..