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temporary full expensing dates Page 43

Temporary Full Expensing in Australia applied from 7:30pm AEDT on 6 October 2020 through to 30 June 2023, for eligible assets first used or installed by that date.

It let businesses immediately deduct the full cost of qualifying assets, still subject to the usual eligibility rules and the passenger car cost limit.

From 1 July 2023 it ended, with the instant asset write-off regime (with a per-asset cap that varies by year) taking the baton.

If your shiny new ute or machinery was first used by 30 June 2023, you’re in TFE country; after that, it’s the write-off threshold you’re dancing with.

It’s tax law, not folklore—confirm specifics with the ATO or your accountant before you go shopping like it’s Boxing Day.

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One owner, stock standard 7 seater gxl 2018 2 x keys full logbook service history 192,xxx km (next service due at 200k) mostly highway. Rego til end nov 26, will come with rwc...

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