COMMENT: Don’t miss your $5,000 deductions!

Anthony Appleton-Tattersall

It has been a long six months since the government released its emergency economic stimulus policies in response to the then-impending threat of Covid-19 in mid-March.

While some policies, such as the wage subsidy, received significant ongoing media attention, others were a flash in the pan.

Those too busy to read financial blogs in March may have missed or forgotten an important one for residential landlords.

The low-value asset write-off threshold was increased from $500 to a very generous $5,000. But only until 16 March 2021, so the opportunity to utilise it is halfway gone already.