Businesses that turnover less that $5 billion dollars will be able to claim an immediate write off for the full cost of eligible depreciable assets where:

• The asset was acquired after 7.30pm AEDT on 6th October 2020.
• The asset was first used or installed ready for use by 30th June 2022.
• The asset is a new asset or an improvement to an existing eligible asset. (For businesses with an annual turnover less than $50 million the asset can be second hand).

If you would like to discuss further please contact us:

McNamara & Company - Chartered Accountants, located minutes from the Melbourne CBD
www.mcnamaraandcompany.com.au/contact-us
Phone +61 3 9428 1062
Email admin@mcnamaraandco.com

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