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ATO Tax Write off has changed for Eligible Businesses
Changes from 12 March 2020 From 12 March 2020 now extended until 31 December 2020 the instant asset write-off:
threshold amount for each asset is $150,000 (up from $30,000)
eligibility has been expanded to cover businesses with an aggregated turnover of less than $500 million (up from $50 million).
Visit ATO to find out more: ATO Link or talk to your accountant