Businesses get extension for instant asset write-off
- Written by: Michelle Grattan, Professorial Fellow, University of Canberra
ShutterstockIn its latest move to spur business investment, the government will extend its $150,000 instant assets write-off until the end of the year.
The six-months extension, which will be legislated, will cost $300 million in revenue over the forward estimates.
As part of the government’s pandemic emergency measures, in March it announced...
Read more: Businesses get extension for instant asset write-off
