Temporary full expensing of capital assets - Proposed extension to June 2023
28 July 2021
The Federal Government has announced its intention to extend the temporary measure to allow businesses to claim a deduction for the full cost of eligible capital assets, which may be relevant to the purchase of a new or used motor vehicle.
The BDO Automotive team has prepared a document to help you understand the temporary full expensing of capital assets, the tax benefits of the measure and examples to help you understand how the changes will apply to your situation.
If you have any questions, please contact your local BDO adviser.