If you’re a small business owner, you may have heard about the government’s $30k instant asset write-off scheme, applicable to certain purchases made before 30 June 2020.
But how do you know whether your business or your purchases are eligible?
To help you out, we’ve compiled an overview of some of the criteria that your business and purchases need to meet before making a claim via the scheme. For more detailed information, visit the ATO website or speak to your accountant.
If you’re considering purchasing business equipment or assets to make the most of the scheme, but concerned about disrupting cash ﬂow to do so, a small business loan from Prospa could be the answer. Find out more.
The information on this website is provided for general information only and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from financial, legal and taxation advisors. Although every effort has been made to verify the accuracy of the information, Prospa, its officers, employees and agents disclaim all liability (except for any liability which by law cannot be excluded), for any error, inaccuracy, or omission from the information or any loss or damage suffered by any person directly or indirectly through relying on this information.