Backing Business Investment

Website | Fact Sheet

  • Deduction of 50% of the cost of an eligible asset on installation with existing depreciation rules applying to the balance of the assets cost
  • Eligible businesses with aggregated turnover below $500mil, purchasing certain new depreciable assets
  • Applies to eligible assets acquired after announcement and first used or installed by 30 June 2021
  • Doesn’t apply to second-hand assets
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