How the Instant Asset Write Off works
Asset Ownership & the Right Finance Product!
To enjoy the tax benefits of the Instant Asset Write Off, ownership of the asset is critical!
If the asset needs to be financed – care is needed to ensure the right product is chosen so that ownership rests with the business and not the financier.
If you rent or lease the business asset, you will not be able to take advantage of the Instant Asset Write Off scheme because ownership of the asset will rest with the financier.