Instant Asset Write-Off (annually re-set threshold)
SBE asset write-off threshold reset annually; $20,000 for FY25-26.
Who must comply
Small business entities using simplified depreciation.
What triggers it
Asset acquisition + use.
When due
Tax return claim.
Evidence required
Tax invoice + asset register + first-use evidence.
Max penalty
—
Summary
Treasury Laws Amendment (Better Targeted Tax Concessions and Other Measures) Bill — Instant Asset Write-Off threshold $20,000 for SBEs (aggregated turnover <$10M) for FY25-26. Re-enacted annually.
Enforced by
Source legislation
Topics
Source: https://ato.gov.au/businesses-and-organisations/income-deductions-and-concessions/depreciation-and-capital-expenses-and-allowances/simpler-depreciation-for-small-business/instant-asset-write-off. Rules Mate is not a law firm. Always verify against the live regulator source before acting.