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Key rates: Small business depreciation — Summary of instant asset write-off thresholds

Purchase date or date asset first used (or installed ready for use) for a taxable purpose Threshold
From 1 January 2021 $1,000
12 March 2020 to 31 December 2020 $150,000
2 April 2019 7:30 pm (AEDT) to 11 March 2020 $30,000
29 January 2019 to 2 April 2019 7:30 pm (AEDT) $25,000
12 May 2015 7:30 pm (AEST) to 28 January 2019 $20,000
1 January 2014 to 12 May 2015 7:30 pm (AEST) $1,000
From 2012/13 to 31 December 2013 $6,500
Before 2012/13 $1,000

 

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