Tony’s tradies to get lucky again

Monday 8 May 2017

Rumours abound today that the “Tony’s tradies” initiative implemented in the 2015-16 Budget, which allowed small-to-medium sized businesses to write-off $20,000 of capital expenditures, will be extended for another year. From The Australian:

The government is planning a small-business blitz in coming days to sell a highly popular tax break that allows owners to claim an “instant” tax deduction on capital expenses worth up to $20,000.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.