Instant Asset Write-Off


On 2 May 2010, the government announced instant asset write-off and simplified depreciation changes for small business.

The changes will enable eligible small businesses to write-off depreciating assets costing less than $5,000 in the income year in which they start to use the asset, or have it installed ready for use.

This amount was subsequently increased to $6,500 as part of the carbon pricing announcements. It also allows for most other assets to be depreciated in a single pool at a 30% rate. The change applies from the 2012-13 income year.

For further information about this tax incentive, please contact Australian Taxation Office or your accountant.

ACT NOW and take advantage of our discounted low prices to save a further $6,500 in instant tax write-offs!


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