“Eligible Businesses can claim an immediate deduction for the business portion of the cost of an asset in the year the asset is first used, or installed ready for use.” – ATO
Changes were made for the eligibility criteria on 12th march 2020. It’s best to check with your accountant but you can also quickly view the new rules here… Check Eligibility from ATO
This is a perfect time to grab some new tools and equipment for your business.
Below are a couple of popular items to consider but for the full range visit our Tools Selection