2024 Bonus Depreciation Rates Ato

2024 Bonus Depreciation Rates Ato. Eligible businesses may be able to claim an immediate or accelerated deduction for the business portion of the cost of an asset that was first used or installed ready for use by. The bonus depreciation rates are set for a significant shift as we transition from 2023 to 2024, a change that businesses need to prepare for in advance.

Bonus tax deduction for energy efficiencies from 1 july 2023 a “bonus tax deduction” for businesses is available of up to $20,000 on maximum expenditure of $100,000 on the cost of electrification and the more efficient. Assets bought/installed 1st july 2023 are eligible for the instant asset write off, under simplified depreciation.