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Business Finances

Sharpen Your Numbers – FAQ: What is the Instant Asset Write-off for the 2024 year?

Posted by: Ewen Fletcher on

In this video, Ewen confirms the instant asset write-off has reverted to $1,000 per asset. However, there’s draft legislation in progress to raise this to $20,000, with recent proposals suggesting an increase to $30,000. Stay tuned for updates, and we’ll keep you informed as things develop.

If you have any questions for Glenn or Ewen please email them to: admin@sharpac.au

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