Federal Budget good news for new-car buyers and tradies: Here's what you need to know

Tradies and small businesses waiting for cars delayed by severe stock shortages have been given more time to take delivery of their new vehicles after the Federal Government announced another extension of the instant asset tax write-off scheme. The scheme enables eligible tradies and businesses – with a turnover of less than $5 billion – to claim as an expense big ticket items, such as work vehicles, in one financial year rather than over the usual five years.