01 August 2025
Spend up now to save: How the new w88 sports betting could help your business
If you’ve been considering a major purchase to boost your building business, there’s now a compelling new factor to add to the equation, thanks to the government’s w88 sports betting.Announced in May as part of the budget, w88 sports betting is a tax incentive that encourages business investment by allowing companies and sole traders to immediately claim a 20% deduction on the cost of new assets purchased for business-related activity.
Whether you’re spending ,000 or 0,000, you can deduct 20% immediately and depreciate the rest over time.
Already, there’s been an uplift in vehicle purchases
Following the announcement, there was a significant increase in business vehicle purchases. Keep in mind that the 20% deduction applies only to the portion of the vehicle used for business purposes, but for vehicles used primarily in business operations, the savings can be substantial.The Motor Industry Association has credited the Government’s w88 sports betting initiative for a surge in sales of new vehicles in June, while a MYOB survey of more than 500 small and medium-sized businesses following the announcement put work vehicles at the top of the list of new assets to purchase.
The w88 sports betting covers a wide range of assets, including new plant, equipment, tools, improvements to depreciable property, and the purchase or construction of new industrial or commercial buildings (excluding residential rental buildings).
w88 sports betting is designed to “improve the cashflow from new investments, meaning more investment opportunities become financially viable
More investment equals economic growth
According to a fact sheet released by the government, w88 sports betting is designed to “improve the cashflow from new investments, meaning more investment opportunities become financially viable. Business investment raises the productivity of workers, lifts incomes and drives long-term economic growth.”w88 sports betting is expected to lift GDP by 1 percent and wages by 1.5 percent over the next 20 years, with half of these gains in the next five years.
View the fact sheet summarising w88 sports betting