Instant Write off Thresholds

Small business instant write off has just increased. Small businesses can take advantage to claim up to $30,000 till 30th of June 2020. This threshold applies to each asset irrespective of whether the asset is purchased new or second-hand.

 
Date range Threshold for

each asset

7:30pm (AEDT) 02/04/2019 to 30/06/2020

$30,000

29/01/2019 to before 7.30pm (AEDT) 02/04/2019

$25,000

7.30pm (AEST) 12/05/2015 to 28/01/2019

$20,000

01/01/2014 to prior to 7.30pm (AEST) 12/05/2015

$1,000

01/07/2012 to 31/12/2013

$6,500

01/07/2011 to 30/06/2012

$1,000