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Say for example I was to buy a car or tools worth 20k and I was to claim the depreciation, what amount would I receive as a tax deduction. Do you receive 100% as a depreciation amount or is it a percentage?

Thanks for the reply and advice Paul. Makes sense now.

What about if I bought 20k worth of tools for my business, how much would I get back and will I have to wait til end of financial year to claim them.