600 Cranes AustraliaNewsThe Australian Government’s Economic Response to Coronavirus-Instant asset tax write-off increased

The Australian Government’s Economic Response to Coronavirus-Instant asset tax write-off increased

14 Mar, 2020

On 12 March 2020, the government announced a package of measures to help the economy withstand and recover from the economic impact of coronavirus. These measures included enhancing the instant asset write-off- Businesses with a turnover less than $500 million can claim an instant tax deduction on purchases of assets before June 30, 2020 that cost up to $150,000. For assets over $150,000, an additional 50% tax deduction is available in the year of purchase. Please refer to your accountant for details.

Call 600 Cranes now on 1300 551 075.

Contact us, stay in touch and get the latest information on