09/06/2026
Some genuinely good news from the May Budget: the $20,000 instant asset write-off is being made permanent from 1 July 2026.
After years of last-minute, year-by-year extensions, that’s real certainty — you can finally plan equipment and capex around what the business actually needs, not around a renewal deadline. (Worth noting it’s a Budget announcement and still to be legislated, but it’s expected to pass without drama.)
Two things that still catch business owners out:
1. To claim in this financial year, the asset must be installed and ready for use by 30 June — not just ordered or invoiced.
2. The concession only applies if your aggregated turnover is under $10M. For groups of related entities, turnover is combined — and that line trips up more mid-sized businesses than you’d think.
We model these decisions against cash flow and tax position for our clients — so the write-off is a strategy, not just a deduction you stumble into.