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Notes Online Home 2021 Tax Schools Day 2 What’s new for business in 2021?
New depreciation concessions introduced for medium and larger-sized businesses
In this segment of the notes, we look at the new depreciation concessions introduced for medium and larger-sized businesses. In more detail:
- Medium-sized business instant asset write-off concessions – From 2 April 2019
- ‘Backing business investment’ depreciation concessions – From 12 March 2020 to 30 June 2021
- Applying the temporary full expensing of depreciating assets – From 6 October 2020 until 30 June 2022
- Summary table of the depreciation concessions
- 2021 business tax return disclosure requirements when claiming the depreciation concessions