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Tax Benefits* for Australian Business Owners
Through the Australian Government initiative, you could be deemed by the Australian Taxation Office (ATO) to be eligible for an instant asset write-off of the business portion of depreciating assets purchased and installed before 30 June 2020.
We understand the ATO rules to mean that you could be eligible if:
If you or your tax advisor determine that you are eligible, take advantage of this tax initiative before 30 June 2020 as the rules may change after that.
The above information does not constitute tax advice and Seeing Machines does not warrant the accuracy of the above information in all circumstances. Please visit the ATO website to find out more or seek independent financial/tax advice.