Hello. This question is an extension of my earlier question about instant tax write off for this FY. For my property maintenance business, I will need to invest about $7k for equipment comprising of tow bar, trailer, lawn mower and edger plus a few other tools in oder to operate. Since there is just over 3 months to the end of this FY, this is little time left to build up a customer base. So my question is this. Can I still claim tax deductions for this equipment regardless of how many jobs I get until the end of FY. What is the situation if I get only a few jobs or even no jobs. I don't know how it's going to go so it's vital to plan this. I already have a company/trust setup for my other business activities. Thank you for any advice.
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276 views
2 replies