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$20,000 Instant Asset Write-OffPosted: Monday May 28, 2018
You have until the 30th June 2018 to take advantage of the Australian Taxation Office’s $20,000 Instant Asset Write-off. If your small business has a turnover of less than $10 million you can write off assets costing less than $20,000 each your 2017-18 return. The $20,000 write-off threshold applies until 30 June 2018.