Skip to content


Yes, I purchased an asset after 12 March and it will be installed or ready for use by 30 June

You might be eligible for...

Backing business investment - accelerated depreciation

Measures introduced in March 2020 provide an incentive to businesses with aggregated turnover of less than $500 million for the 2019–20 and 2020–21 income years, to deduct the cost of depreciating assets at an accelerated rate.

For each new asset, the accelerated depreciation deduction applies in the income year that the asset is first used or installed ready for use for a taxable purpose. You claim the deduction when lodging your tax return for the income year. The usual depreciating asset arrangements apply in the subsequent income years that the asset is held

Visit the ATO website for more information

Not what you were looking for?

If the assistance outlined above doesn't provide the support you are looking for, either change your answers on the Previous selections options on this page or:

Return to Company options

Return to start