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The instant asset write-off lets eligible small businesses deduct the full cost of a qualifying asset in one year, not over several. The catch for 2025-26 is timing: it must be installed and ready for use by 30 June 2026, and the threshold can change.
Lodgement for tax time 2026 opens from 1 July, but the ATO suggests waiting until late July when your pre-fill is finalised. Here are the dates and the reasons behind them.
The $20,000 instant asset write-off sunsets on 30 June. With no legislation to make it permanent, small-business operators have ten weeks to decide on capex they would otherwise plan over years.