Albanese targets cafes and tradies in instant asset write-off

Labor extends key small business tax break

The instant asset write-off for small business will be extended for one year, but Anthony Albanese says making it a permanent feature would slow or stop investment.

Albanese targets cafes and tradies in instant asset write-off

Small businesses will get a 12-month reprieve and be able to instantly write off another $20,000 in expenses, if Labor wins next month's federal election.

Labor has promised to extend an instant $20,000 asset write-off for small businesses for a year if it wins next month's federal election.

Labor pledges $20,000 instant asset write-off extension if it retains power

After leaving the tax break out of the federal budget, Prime Minister Anthony Albanese on Friday pledged a $20,000 extension if re-elected.