As part of the 2026 transition, the Government has extended the $20,000 instant asset write‑off for small businesses until 30 June 2026.
What’s the Instant Asset Write‑Off?
Under this measure, eligible small businesses (with turnover under $10 million) can immediately deduct the business portion of assets that cost less than $20,000, in the year the asset is first used or installed.
This is designed to improve cash flow and incentivise investment in equipment or technology upgrades, from laptops to tools, signage to office furniture.
Who Can Claim It?
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Businesses with annual turnover below $10 million
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Assets bought and used or installed before 30 June 2026
Tips for Planning
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Plan purchases now, assets must be installed and used in the current financial year.
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Check whether the asset is wholly used for business; only the business portion is deductible.
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Keep all invoices and installation documentation.
This is one of the most tangible tax changes for many small Australian businesses and can make a meaningful difference to after‑tax cash flow.
