The federal budget provided that small business or sole trader with an ABN with a turnover of under $2 million a year can claim up to $20 000 a year. I have an ABN for a business that was a sole trader. I'm still the same sole trader, but have moved onto property and shares. One report advises: "The new accelerated depreciation rules run from last night until the end of June 2017. WHAT CAN I BUY? "Anything used for running your business: computers, printers, office furniture, coffee machines, kitchen equipment, cars, tools. You can use the tax write-off on as many individual items as you want. WHAT CAN?T I BUY? "Stock for your business, office software and plants will be excluded, as will marketing costs." If the turnover is under $2 million a year, can the above apply to people investing in property? Also, how does the term "sole trader" apply to property investors? TIA.