Well we seem to have a unique little opportunity here with the latest budget.
For a window of time we can write off 100% of the value of a newly purchased business asset, instantly, no depreciation over years - for a value of up to $20K.
So the question is... is anyone planning on any new purchases because of this new rule?
Utes, mowers, trailers?
For me, I'm not planning on buying anything new because of the rule, though we still have another 4 weeks till the end of the financial year, and we still have quite some time to come as well. So I'm not ruling anything out - I'm just not going out to buy anything which I don't need because of this new ruling.
I'm just taking things as usual, anyone got anything on their shopping list ??