Immediate Deductions Extended
Temporary full expensing enables your business to fully expense the cost of: new depreciable assetsimprovements to existing eligible assets, andsecond hand assets in the first year of use. Introduced in the 2020-21 Budget and now extended until 30 June 2023, this measure enables an asset’s cost to be fully deductible upfront rather than being claimed over the asset’s life, regardless…