To be eligible for temporary full expensing, the depreciating asset must be;
- New or second-hand
- First held by you at or after 6 October 2020
- First used by you or installed ready for use for a taxable purpose between 6 October 2020 and 30 June 2022
Certain primary production assets, building and capital works etc are not eligible.
Further information can be obtained by following the link below.