The 100% small business instant asset write off for assets purchased for less than $20,000 continues to be available for the 2018/2019 year and second hand assets acquired are eligible too.  They must be ready for use in a business on or before 30 June 2019.

Legislation has recently been introduced to increase the small business instant asset write off for purchases of less than $25,000.

From budget night, this has increased to less than $30,000.  Plus, there has been another time extension to the small business instant asset write off to 30 June 2020!

Not sure if your asset purchase qualifies?

CONTACT US TODAY at BSN & Co to discuss your potential small business instant asset write off.