22/09/2026
๐ผ ๐๐ก๐ $๐๐,๐๐๐ ๐๐ง๐ฌ๐ญ๐๐ง๐ญ ๐๐ฌ๐ฌ๐๐ญ ๐๐ซ๐ข๐ญ๐-๐๐๐ ๐๐ฌ ๐๐จ๐ฐ ๐๐๐ซ๐ฆ๐๐ง๐๐ง๐ญ!
Planning to invest in new tools, technology, equipment or machinery for your Australian small business? You may be eligible to claim an immediate tax deduction.
Your business may qualify if:
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Its aggregated annual turnover is under $10 million
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It uses the simplified depreciation rules
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Each eligible asset costs less than $20,000
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The asset is first used or installed ready for use during the relevant income year
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Only the business-use portion is claimed
The $20,000 threshold applies per asset, which means your business may be able to claim multiple eligible purchases during the same financial year.
Remember: this is a deduction from taxable incomeโnot a $20,000 cash refund. Eligibility depends on your circumstances, so speak with a registered tax professional before making a purchase.
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