Ah, the elusive instant tax write-off for 2023—Australia's sweet little carrot for business buyers. In a nutshell, it lets you immediately deduct the cost of eligible assets purchased and used for business purposes, instead of depreciating them over several years. For 2023, the instant asset write-off threshold generally sits around $20,000, but keep an eye on your business size and specific rules as they can be as fickle as the weather. New or used assets can qualify, often including vehicles, machinery, or equipment, provided they're used primarily for business.
Remember, this isn't a free-for-all: you need to have acquired and installed the asset ready for use within the financial year. For the nitty-gritty, your accountant or ServiceCentral will be your best mates. And if you’re scouring for vehicles or gear to claim, Tradingpost and CarShowroom might have some bargains worth your while.
12Storage
HandymanListing your ad only takes a few minutes, and most categories are free.
Post an adA weekly hand-picked round-up of the best bargains, free stuff, and trending listings. No spam, unsubscribe anytime.
Know someone looking to buy or sell something? Send them to Tradingpost, Australia's original marketplace.
Know the warning signs of a dodgy deal before you buy or sell online.
Read the guideRead guide