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  • Enric Tarraso-Letang

Unlock the full impact of the $30k instant asset write-off

Updated: May 15, 2020

Changes to the instant asset write-off. The threshold has increased to $30,000, and has been extended to 30 June 2020.


The instant asset write-off now also includes businesses with a turnover from $10 million to less than $50 million. These businesses can claim a deduction of up to $30,000 for the business portion of each asset (new or second hand), purchased and first used or installed ready for use from 2 April 2019 until 30 June 2020. Assets include vehicles, tools, office equipment and much more!

Businesses with a turnover of up to $10 million can also claim a deduction for each asset purchased and first used or installed ready for use, up to the following thresholds:


  • $30,000, from 2 April 2019 until 30 June 2020

  • $25,000, from 29 January 2019 until 2 April 2019

  • $20,000, before 29 January 2019