![]() Temporary full expensingĮligible businesses with an aggregated turnover of less than $5 billion can deduct the business portion of the cost of eligible new depreciating assets. ![]() If more than one incentive could apply to an asset the order of application is (subject to opt out choices):įor a high-level snapshot to help you work out how these incentives may apply to you, see Interaction of the tax depreciation incentives. Only one incentive can apply for an asset. Interaction of tax depreciation incentivesĮligible business entities may be looking at which tax depreciation incentive is right for them.
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