The Time Is Now
With the government announcing that the instant asset write-off has lifted from $30k to $150k, what farm equipment now qualifies?
$150K INSTANT ASSET WRITE OFF
The instant asset write-off threshold has been increased from $30,000 to $150,000 and expanded access to include businesses with aggregated annual turnover of less than $500 million (up from $50 million).
This applies from 12 March 2020 until 31 December 2020, for new or second‑hand assets first used or installed ready for use in this timeframe.
PRODUCTS THAT QUALIFY INCLUDE THE BELOW...
