The instant asset write-off lets eligible businesses immediately deduct the cost of assets like equipment, vehicles, or tools in the year they’re first used. This tax incentive helps improve cash flow by reducing taxable income.
Key benefits:
– Claim deductions upfront (no depreciation over time)
– Applies to new & second-hand assets
– Multiple assets under the threshold qualify
Check if your business is eligible—read the full ATO guidelines here.