Instant Asset Write Off

All small businesses get an immediate tax deduction for any individual assets they buy costing less than $150,000. †

This $150,000 † limit applies to each individual item. Small businesses can apply this $150,000 † rule to as many individual items that they wish.

The instant asset write-off now also includes businesses with a turnover from $10 million to less than $500 million †.

Further information on accelerated depreciation is available on the ATO website.

† Subject to legislation being passed.