Instant asset write-off scheme extended to big business, Josh Frydenberg announces – ABC News

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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