What’s new?

The following changes to the Partnership tax return may affect you.

Temporary full expensing of depreciating assets extended to 30 June 2023

In 2020, the government introduced temporary tax incentives to help Australian businesses withstand the impacts of COVID-19. One of these temporary tax incentives was temporary full expensing. This incentive has now been extended for eligible businesses until 30 June 2023. Other than the extension, the operation of the regime remains the same.

For more information, see:

• Instant asset write-off
• Temporary full expensing.

Continue to

• Instructions for completing the tax return