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If you purchase a cabin for Commercial Purposes then the following may apply to you.

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

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