Uber Drivers Forum banner
1 - 2 of 2 Posts

Premium Member
10,708 Posts
Discussion Starter · #1 · (Edited)
The Prime Minister and Treasurer have announced a proposed increase in the instant asset writeoff threshold from $30,000 to $150,000 from 12 March 2020 to 30 June 2020: https://www.pm.gov.au/media/economic-stimulus-package.

The Government is expediting the passage of the required legislative amendments through Parliament.

Keep in mind that the car depreciation limit of $57,581 (for 2019-20) still applies: https://www.ato.gov.au/Business/Dep...tions/?page=3#Car_cost_limit_for_depreciation.

The car depreciation limit also limits GST credits: https://www.ato.gov.au/Business/GST...-and-transport/GST-and-motor-vehicles/?page=2.

See also https://uberpeople.net/threads/econ...t-by-the-prime-minister-and-treasurer.384802/.
1 - 2 of 2 Posts
This is an older thread, you may not receive a response, and could be reviving an old thread. Please consider creating a new thread.