Temporary increase of the instant asset write-off limit from $1,000 to $20,000 for the 2025–26 income year.
On 4 April 2025, the government announced it will continue to provide support for small businesses by extending the $20,000 instant asset write-off limit until 30 June 2026.
Under the measure small businesses with an aggregated turnover of less than $10 million, can deduct the full cost of eligible depreciating assets costing less than $20,000 that are first used or installed ready for use between 1 July 2025 and 30 June 2026.
The $20,000 limit under the measures applies on a per asset basis, so small businesses can instantly write off multiple assets. Investing in a new key machine such as the Silca EvoX, Bravo Professional, Marker2000, Futura Edge or others could give you an instant write off.
This information is a general summary and not advice. Speak to your Accountant or Tax Professional before making a purchasing decision to ensure these rules apply to you and are suitable for your business and financial situation.