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ATO targets ‘lifestyle’ assets

ATO targets ‘lifestyle’ assets

by | Feb 13, 2020

The ATO has requested insurance policy information from 30 insurers for lifestyle assets such as yachts, thoroughbred horses, and fine arts. The ATO targets 'lifestyle' assets, so keep reading if you or someone you know may be on their radar! The review, expected to...

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Instant Asset Write-Off Extended to $30,000

Instant Asset Write-Off Extended to $30,000

by | Apr 24, 2019

From 2 April 2019 (Budget night), the Government has increased and expanded access to the instant asset write-off by increasing the instant asset write-off threshold from $25,000 to $30,000. The threshold applies on a per asset basis, so eligible businesses can...

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