NAB data shows what is being bought for instant asset write-offs – NEWS.com.au

Businesses have gone on a spending spree to take advantage of the federal governments extended instant asset write-off scheme, splurging on bakery machines, coffee makers and even helicopters.National Australia Bank figures shows equipment spending at the end of April jumped 24 per cent year-on-year across its business customers as firms sought to take advantage of the tax minimisation scheme.
The Morrison government extended the scheme in last week’s federal budget until 2023 and allows an immediate…

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