Mr Morrison has made us an offer too good to refuse. The Australian Government has temporarily increased the Instant Asset Write-Off threshold (IAWO) from $30,000 to $150,000.
The threshold applies on a per asset basis, so eligible businesses can immediately write-off multiple assets.
It also applies to both new and used assets, so long as the assets have been purchased in the current financial year.
Find out about the IAWO and the Backing Business Investment depreciation incentive scheme by following the link. This page redirects to www.Truckshow.com.au/Stimulus