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2012 Tax Changes - Instant Tax Write Off

Saturday, July 28, 2012

Instant asset write-off

Perhaps the instant write-off for assets under $6,500 is the biggest assistance businesses will receive for the carbon tax.

From July this year, any SME with under $2 million in turnover will be able to write off any asset worth less than $6,500 immediately. Right now, the threshold is just $1,500.

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