when does temporary full expensing finish Page 794

Temporary full expensing in Australia wrapped up on 30 June 2023. To use it, eligible assets had to be first used or installed ready for use by that date (and generally acquired after 6 October 2020).

Missed the boat? From 1 July 2023 the instant asset write‑off is back in the spotlight, but with different thresholds and fine print, so no, it’s not the same party. Have a yarn with your accountant or check ATO guidance before you go shopping with a tax deduction in mind.