Promo runs from 1st to 30th of June 2022. For new registrations only. Users renewing their subscription are not eligible for the discount. Promo doesn’t apply to Custom Logo and Domains and is not valid with any other offers. Discount is available in Australia only.
Who can claim the tax write-off?
The instant asset write-off is granted to Australian businesses with an annual turnover of less than $500 million, provided they purchase and use a business-related asset between 12 March 2020 and 30 June 2021 and they don’t exceed the write-off threshold.
How much is the threshold?
The tax write-off threshold is at $150,000.
Which government body settles this money?
The instant asset write-offs are handled by the Australian Taxation Office. Visit their page to learn more.
What’s temporary full expensing?
Temporary full expensing is an expanded eligibility criteria that includes businesses with an aggregated turnover of less than $5 billion and have purchased, and first used or installed for taxable purposes an eligible new asset between 6 October 2020 and 30 June 2023.
How does temporary full expensing work?
The temporary full expensing incentive applies when a business owner first purchases an asset on or after 6 October 2020. They can claim an immediate deduction for the entire cost of the eligible asset and deduct the portion of the cost of improvements to the eligible assets made between 6 October 2022 and 30 June 2023.
Why claim your tax write-offs with Crazy Domains?
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