50% Depreciation - A one off tax bonus for business
For businesses with a turnover of less than $2 million, there is a one off bonus of an extra 50% depreciation. This doesn't affect the normal depreciation cycle. It is a bonus 50% tax deduction. All you need to do is buy a new asset over $1000. Cars, computers, plant and equipment.
There are certain rules and conditions, so contact us for a personalised assessment.
Comments
50% Depreciation
Liked the way Green GT is working for the future electric cars, but are they more environment friendly? With the depletion in non renewable resources in next coming 15-20 years, can we have this as an option to run on renewable energy... Also, how safe are these to drive on roads in US. Does this involve any safety driving rules for the drivers and help them drive defensively.
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