Stay up to date with the latest COVID-19 news. Learn More

Insights

Immediate Write-Off for Depreciable Assets in the 2020-21 Federal Budget

Written by Sarah Pogson . October 07, 2020
1 min read

The Federal Budget for 2020-21 included multiple measures surrounding capital expenditure for business, with the aim for businesses to bring forward their investment and stimulate the economy.

 

Below we have summarised the proposed measures that are applicable based on the aggregated annual turnover of the business.

Capital Expenditure Write-off Table

If you would like more information on key measures we have highlighted follow the link below or visit the Government's Federal Budget page.

Federal Budget 2020-21 Overview

Gaining advice on business expenditure and asset planning is beneficial for you and your business. Our team of business advisers will provide you with valuable guidance and support, so please take a moment to talk with us.

Written by Sarah Pogson . October 07, 2020
Covid-19 Resource Centre

Keep up to date with the Coronavirus.

Covid-Resource-Centre
Access Resource Centre

Are you ready to speak to a business adviser?

Let us show you how we can help.

If you’re more of a talker we’d love to chat, call us on 02 4229 2211

Talk with us