If you incur expenses creating or maintaining a website for your business, you may be able to claim the costs as a deduction. Before you start: If you incur the expense before your business starts, you can claim the cost over five years (20% of the cost per year), once you start up. After you start: If you are a small business with an aggregated turnover of less than $2 million, you can choose to use the simplified depreciation rules. If you have chosen to do this and the cost is: less than the instant asset write-off threshold, you can claim a deduction for the full amount in the income year you incur the expense. Equal to or more than the instant asset write-off threshold, you allocate it to a general small business pool.
The above information if of a general nature only and does not take into account individual circumstances. If you require advice or more detailed information please contact us.