$20,000 Instant Asset Write-Off Likely Extended to 30 June 2026 (October 25)

Relevant For:

Small business owners with turnover under $10 million looking to invest in equipment, vehicles, or technology.

Key Points:

• Government plans to extend the $20,000 instant asset write-off to 30 June 2026.
  Applies to eligible assets costing under $20,000 each, first used or installed by that date.
• Covers new assets, cost additions, and general small business pools (if balance below $20,000).
• Small businesses using simplified depreciation rules remain eligible.
• The measure is not yet law but included in a recently introduced Bill.

Full Article:

If you’re a small business owner planning to purchase new equipment or technology, good news may be on the way. The Federal Government has proposed extending the $20,000 instant asset write-off by a further 12 months, pushing its end date to 30 June 2026.