Business Reports

Mon Jun 8

Businesses get extension for instant asset write-off

Written by Michelle Grattan, Professorial Fellow, University of Canberra

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In 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...

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