Depreciation Concessions for Small Businesses

Penrith Business Tax Returns

There are three important changes to the simplified depreciation rules that apply from the 2012-13 financial year:

  • the instant asset write-off threshold increased from $1,000 to $6,500
  • a quicker initial deduction of up to $5,000 for motor vehicles

  • the long-life small business pool and the general small business pools have been consolidated into a single pool.


For more information, refer to Changes to small business concessions for 2012-13.

Contact A Grade Tax Accountants Penrith on (02) 4731-1405 for all taxation accounting services.

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