Increased Asset Write-Off Threshold

The 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, your business must have an aggregated turnover of less than $500M. The asset must cost less than the instant write-off threshold, and be purchased and used in the year that the write-off is claimed.