Our ATO Community is here to help make tax and super easier. Ask questions, share your knowledge and discuss your experiences with us and our Community.
I am a sole trader and have a question about instant asset-write off and assessing business use. In particular, if I buy something in late June (already the 11th today!), do I still keep some kind of records for business use? For example a computer.
Is it just how much is used for business during 2019-2020 financial year? Does it matter how it gets used in 2020-2021 financial year or later?