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The $150,000 Instant Asset Write-Off provides businesses with an asset write-off. Assets must cost less than the instant asset write-off threshold and be purchased and used in the year that the write-off is claimed. What do you get? An asset write-off of up to $150,000. Who is this for? Eligible businesses.
The $150,000 Instant Asset Write-Off provides businesses with an asset write-off of up to $150,000 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.
To be eligible, you must:
Assets must:
There is no application required. The write-off is applied when you lodge your tax for the relevant year. *To assess your eligibility to qualify for the asset write-off programme please seek independent financial advice. For more info visit www.business.gov.au. T&Cs apply.