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Instant asset write-off for eligible businesses

Under instant asset write-off eligible businesses can: - immediately write off the cost of each asset that costs less than the threshold - claim a tax deduction for the business portion of the purchase cost in the year the asset is first used or installed ready for use. Instant asset write-off can be used for both new and second-hand assets. Some exclusions and limits apply. The instant asset write-off eligibility criteria and threshold have changed over time. You need to check your business's eligibility and apply the correct threshold amount.

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