The Australian Taxation Office (ATO) has issued a notice concerning the last year to claim the backing business investment accelerated depreciation.
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Last year to claim backing business investment – accelerated depreciation
Backing business investment – accelerated depreciation (BBI) ended on 30 June 2021. However, businesses with an aggregated turnover of less than $500 million in the year they are claiming the deduction can still claim for the 2019-20 and 2020-21 income years.
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