Instant Asset Write-Off

Eligible businesses can claim an immediate deduction for the business portion of the cost of an asset in the year the asset is first used or installed ready for use.
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What do you get?

An asset write-off of up to $20,000.

Who is this for?

Eligible businesses.

Overview

The instant asset write-off can be used for:

  • multiple assets if the cost of each individual asset is less than the relevant threshold
  • new and second-hand assets.

Check if you can apply

Eligibility, and the year in which you may use the instant asset write-off to claim an immediate deduction for an asset depends on:

  • your aggregated turnover (the annual turnover of your business and that of any business entities that are your affiliates or connected with you)
  • the date you purchased the asset
  • when it was first used or installed ready for use
  • the cost of the asset being less than the threshold.

Apply now

Apply for the Instant Asset Write-Off

Find out more about your eligibility and how to apply.

Learn how to apply

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