$30,000 Instant Asset Write-Off

At a glance

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Provides small businesses with an asset write-off of up to $30,000 for assets costing less than the instant asset write-off threshold which are purchased and used in the year that the write-off is claimed.

Who can apply:

At a minimum, you must:

  • be a small business entity as defined by the ATO

Other eligibility requirements may apply.

Contact information:

13 28 66

General enquiry form

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Overview

The $30,000 Instant Asset Write-Off provides small businesses with an asset write-off of up to $30,000 for assets costing less than the instant asset write-off threshold which are purchased and used in the year that the write-off is claimed.

Eligibility criteria

To be eligible, you must:

  • be a small business as recognised by the ATO

To find out how small businesses are defined, visit Small Business Entity Concessions – Eligibility.

Assets must:

  • cost less than the instant asset write-off threshold
  • be purchased and used in the year the write-off is claimed

Find out more at Instant Asset Write-Off.

How to apply

There is no application required. The write-off is applied when you lodge your tax for the relevant year.

Find out more at Instant Asset Write-Off

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