Business
Instant asset write-off scheme extended to big business, Josh Frydenberg announces – ABC News
Companies with up to $5 billion in Australian turnover can now instantly deduct the cost of new capital investments, under a coronavirus stimulus measure initially…
A coronavirus stimulus measure aimed at small and medium-sized businesses has now been extended to the top end of town, in what the Federal Government says is a move to help boost investment and create jobs.
Key points:
- The instant asset write-off is being extended to companies which make billions of dollars
- Businesses with aggregated turnover of less than $5b can deduct the full cost of eligible depreciable assets of any value in the year they are first used or installed
- The measure aims to boost…
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