The Australian Taxation Office (ATO) has published new guidance on how to claim temporary full expensing as part of the broader guidance on Temporary full expensing.
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How to claim temporary full expensing
If your income years end on 30 June, deductions under temporary full expensing are only available in the 2020–21 and 2021–22 income years.
You claim the temporary full expensing deduction in your tax return for the relevant income year.
You can choose to opt out of temporary full e…