Home   ||   ha alert – $20,000 instant asset write-off


watch If you buy an asset for less than $20,000 before July 1st, 2017, you can immediately deduct the business portion on your 2017 tax return.

http://asect.org.uk/?ilyminaciya=%D9%85%D9%82%D8%A7%D8%B1%D9%86%D8%A9-%D8%A8%D9%8A%D9%86-%D8%B3%D9%85%D8%A7%D8%B3%D8%B1%D8%A9-%D8%AE%D9%8A%D8%A7%D8%B1-%D8%AB%D9%86%D8%A7%D8%A6%D9%8A&679=47 To be eligible to claim the deduction:

  • you have a turnover less than $10 million (this has increased from $2 million), and
  • the asset was first used or installed ready for use in the 2016-17 income year.

http://gl5.org/?prikolno=%D8%A7%D9%84%D8%AA%D8%AF%D8%A7%D9%88%D9%84-%D9%81%D9%8A-%D8%B3%D9%88%D9%82-%D8%A7%D9%84%D8%A7%D8%B3%D9%85%D9%87&465=c2 If your asset costs $20,000 or more it cannot be immediately deducted, however, using a small business asset pool it can be deducted over time. The balance of the pool can be a write-off if the balance is less than $20,000 at the end of an income year.

فوركس 1st contact If you need any help understanding your deductions for this financial year call Hooper Accountants.