Full expensing of depreciating assets - alternative test for eligibility proposed

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Full expensing of depreciating assets - Bill introduced for alternative eligibility test – 2 December 2020

Tax insights

The 2020-21 Federal Budget handed down on 6 October 2020 included a temporary full expensing measure. On 2 December 2020, the Government introduced a Bill into Parliament which includes amendments, as announced by the Treasurer on 23 November 2020, that introduce an alternative turnover eligibility test and also allows entities to opt out of TFE on an asset-by-asset basis.

Full expensing of depreciating assets
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