Asset purchases costing less than $20,000

Client H asks: I want to buy an Excavator worth $250,000, a pneumatic hammer worth $19,500 and an excavator bucket which costs about $18,500. My total spend will add to $288,000 plus GST.  I’ve heard something about getting a deduction for purchases under $20,000. What can I claim? Noel says: … Continue reading Asset purchases costing less than $20,000