ATO Issues Release on Interaction of Tax Depreciation Incentives

The Australian Taxation Office (ATO) has issued a release on the interaction of different tax depreciation incentives.

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Interaction of tax depreciation incentives

In 2020 the government introduced measures to help businesses recover from the impacts of the coronavirus pandemic (COVID-19).

Eligible business entities may be looking at which tax depreciation incentive is right for them.

Only one incentive can apply for an asset. If more than one incentive could apply to an asset the ord…