instant asset write off end date

The Instant Asset Write-Off (IAWO) scheme in Australia is a tax incentive allowing businesses to immediately deduct the cost of eligible assets. As of mid-2024, the most recent extension set the end date to 30 June 2023, but governments have been known to extend or modify the scheme, so keep your ear to the ground.

For the most accurate and updated info, check the Australian Taxation Office (ATO) website or consult your accountant. Remember, if you’re chasing bargains on Tradingpost or CarShowroom, timing your purchases around these deadlines can save your wallet some grief.