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READ MOREBudget blowout of $370 million for small business instant asset tax write-off
The government's small business instant asset tax write-off is expected to result in a short-term budget blow out of $370 million over the next two years according to figures released by Treasury last week.
The government's annual Tax Expenditures Statement shows the accelerated depreciation measure which allows small businesses to claim up to $20,000 in immediate deductions for assets will cost $2020 million over 2017 and 2018 financial years.
Read the full story at The Sydney Morning Herald.
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