The Instant Asset Write-off, which was enhanced as part of the Federal Government’s COVID-19 stimulus measures, and was due to end on 30^th June 2020, has been extended to 31^st December 2020.  This tax incentive provides a 100% tax deduction for capital expenditure of up to $150,000 on new or second-hand assets first used or installed ready for use by 31^st December 2020.  It applies to businesses with an aggregated turnover of up to $500m, and is intended to encourage investment in capital equipment by providing a significant up-front tax deduction.  From 1^st January 2021, the Instant Asset Write-off threshold is expected to revert to $1,000.