Instant Asset Write-Off

Open Equipment, vehicles or tools

Award range Up to AUD 20,000

Overview

Funding agency: Australian Government
Reference: bga-e9fa4d9828e542abb881f8c2900a269d
Funding programme: Equipment, vehicles or tools
Funding instrument: Tax incentive
Region: Australia
Applicants based in: Australia
Source: business.gov.au Grants and programs finder
Data credit: Contains material from business.gov.au, © Commonwealth of Australia, licensed under CC BY 3.0 AU (https://creativecommons.org/licenses/by/3.0/au/)

About the funder

Funder: Australian Government Government, Australia
Applications: Takes applications through open calls
Open calls: 77 open calls Giving history, how to apply, and Follow on the funder page

Description

Eligible businesses can claim an immediate deduction for the business portion of the cost of an asset in the year the asset is first used or installed ready for use. What do you get? An asset write-off of up to $20,000. Who is this for? Eligible businesses. Overview The instant asset write-off can be used for: multiple assets if the cost of each individual asset is less than the relevant…

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