Australian Treasurer Josh Frydenberg has announced plans to expand access to the instant asset write-off (full expensing). The instant asset write-off was recently expanded to allow businesses with turnover up to AUD 5 billion to deduct the full cost of eligible depreciable assets in the year they are installed. For companies that are part of a group, the turnover limit is determined based on group turnover, which limits access.
In order to expand access to companies that are excluded due t…