Asset write-offs for businesses
The instant asset write-off lets you deduct the business portion of eligible assets costing under $20,000 straight away.
Who can apply
Businesses that meet the ATO's turnover test, buying new or second-hand assets under the threshold. Which year you can claim depends on your turnover and when the asset was first used.
- Provider
- Australian Government
- Level
- Australian Government
- Funding
- An asset write-off of up to $20,000.
- Status
- Open
- Opens
- Not stated
- Closes
- Not stated
- Region
- Australia-wide
- Industries
- Any industry
- Last checked
- 21 Oct 2026
Read the official page How to apply (official)
This is an independent plain-English summary, not official advice. Dates, amounts and eligibility can change. Check the official source and guidelines before you apply.