AusSchemes is not a government service. This information is general in nature and may not reflect the most recent eligibility rules or amounts. Always confirm details on the official source before applying.
Instant Asset Write-Off
Allows eligible small businesses to immediately deduct the full cost of depreciating assets (up to the threshold) in the year of purchase, rather than depreciating them over time.
Indicative amount
Immediate deduction up to $20,000 per asset
Indicative amount only — confirm on the official page
What you get
Immediate tax deduction for assets costing up to $20,000 per asset (for businesses with turnover under $10 million). Reduces taxable income in the year of purchase, providing an immediate cash flow benefit.
Who it's for
Relevant life events: small business
How to apply
1. Purchase the asset and install it ready for use before the threshold date. 2. Claim the deduction in your business tax return for that income year. 3. Keep records of the purchase and business use percentage.
Documents you may need
- Tax invoices for assets
- Business tax return
- Records of business use
Informational only — confirm exact requirements on the official page.
You will be taken to www.ato.gov.au
Last reviewed by AusSchemes: 20 April 2026