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.

https://www.ato.gov.au/Business/Depreciation-and-capital-expenses-and-allowances/Temporary-full-expensing/