Instant asset write off for investors

Discussion in 'Accounting & Tax' started by Paul@PAS, 1st Apr, 2021.

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  1. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

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    Such a Josh Friedenberg thing to do. Announces a subtle change to investor tax rules. Proposes to allow asset write off for specific new investor assets that are Australian made whitegoods of the appliance costs plus its delivery and installation cost. It is limited to investors who are also Australian citizens and applies from 1 April 2020.

    Policy is being described by Skynews as the "whitegoods Australia policy" and some polictical commentators on radio are asking if non-white items are eligible.
     
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  2. jaybean

    jaybean Well-Known Member

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    I'm all for Aussie made and really go out of my way to support it but...do we even make many white goods?
     
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  3. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

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    Nice if it were true. The date sort of gave away the post (and yes who makes things here)
    upload_2021-4-1_14-1-45.jpeg
     
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  4. jaybean

    jaybean Well-Known Member

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    lol dammit
     
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  5. Baker

    Baker Well-Known Member

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    Nice one
     
  6. datto

    datto Well-Known Member

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    I thought it was a new idea from the PDW (Parliamentary Desk Wenkers).
     

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