By ABF PARTNERS
IMMEDIATE expensing ended June 30, 2023 – All plant, equipment, tools and vehicles purchased before June 30, 2023 can immediately be expensed.
Note, motor vehicles are subject to the car cost limit, $64,741 for 2023.
From July 1, 2023 the threshold for immediate write off of plant and equipment, tools, etc is $20,000.
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