End of Financial Year Instant Asset Write Off

EOFY Instant Asset Write Off

Threshold Increased to $30,000

All small businesses get an immediate tax deduction for any individual assets they buy costing less than $30,000.

This $30,000 limit applies to each individual item. Small businesses can apply this $30,000 rule to as many individual items that they wish.

The instant asset write-off now also includes businesses with a turnover from $10 million to less than $50 million.

Further information on accelerated depreciation is available on the ATO website.

Take Advantage of the Instant Asset Write-off and Contact Molnar Hoists today

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Contact Details

MOLNAR (STENHØJ Pty Ltd)

3 Graham Street
Export Park, SA  5950
Australia

+1300 MOLNAR (1300 665 627)

Molnar, part of STENHØJ Group

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