Thinking of buying new equipment for your business this year? Here’s something worth knowing before 30 June 2026.

The Government has extended the $20,000 instant asset write-off for another year. For many small business owners, that means an opportunity to invest in equipment, tools, or technology and receive an immediate tax deduction rather than depreciating the asset over several years.

If your business has aggregated turnover under $10 million, you may be able to immediately deduct the business portion of eligible assets that cost less than $20,000. There are a few important points to keep in mind:
- The asset must be first used or installed ready for use between 1 July 2025 and 30 June 2026.
- The $20,000 limit applies per asset, so multiple assets may qualify.
- Both new and second-hand assets may be eligible.
- Some exclusions and rules still apply, particularly for improvements to existing assets.

For many business owners, this can make a real difference. Instead of delaying upgrades or operating with outdated equipment, you can invest in tools that help your business run better — while also receiving an immediate tax benefit.

If you’re planning equipment purchases or considering upgrades in the coming months, it’s worth checking whether the instant asset write-off can apply to you. A quick conversation before you purchase could ensure you structure it the right way and maximise the deduction.

 If you would like a little help, please get in touch with us for assistance.

Need Help with your Business, Bookkeeping, Tax or SMSF requirements?

If you would like a little help, please get in touch with us for assistance. We can help with your business, bookkeeping, tax and SMSF requirements. To book an appointment, use our online booking system, give us a call on 07 3289 1700, or email us at reception@rgaaccounting.com.au.We look forward to assisting you this tax season!

Please also note that many of the comments in this publication are general in nature and anyone intending to apply the information to practical circumstances should seek professional advice to independently verify their interpretation and the information’s applicability to their particular circumstances. Should you have any further questions, please get in touch with us for assistance with your SMSF, business, bookkeeping and tax requirements. All rights reserved. Brought to you by RGA Business and Tax Accountants. Liability Limited by a scheme approved under Professional Standards Legislation.