02/09/2026
The $20,000 instant asset write-off does not mean the government gives your business $20,000 toward new equipment.
From 1 July 2026, the Australian Government announced a permanent $20,000 threshold for eligible small businesses using the simplified depreciation rules.
Important points:
✅ The threshold generally applies per eligible asset
✅ The asset must meet the relevant eligibility and timing requirements
✅ It is a tax deduction—not a cash rebate
✅ Your accountant should confirm how the rules apply to your business
If your business is considering a work vehicle, trailer, machinery, tools or equipment, iCREDIT can help compare available finance structures.
Your accountant can then advise on the tax treatment.
