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.
