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Claim up to $20,000 back on your equipment
The Australian Government's Instant Asset Write-Off lets eligible small businesses immediately deduct the full cost of qualifying equipment, no waiting years for depreciation.
How the Instant Asset Write-Off works
Instead of claiming a small depreciation deduction each year over the life of an asset, eligible businesses can deduct the full cost in the same year the asset is first used.
Check your eligibility
Your business must have an aggregated annual turnover of less than $10 million.
Purchase qualifying equipment
Buy eligible assets costing less than $20,000 each. Both new and second-hand items qualify.
Install & put to use
The asset must be first used or installed ready for use by 30 June 2026.
Claim your deduction
Deduct the full business-use portion of the cost in your 2025โ26 tax return.
๐ก Quick example
Your clinic purchases $15,000 worth of rehabilitation equipment and a $8,500 ultrasound unit before 30 June 2026, both installed and ready for use on the same day. If 100% of use is for business, you can claim $23,500 as an immediate deduction in your 2025โ26 tax return - rather than depreciating each item over several years.
Key eligibility criteria
You may be able to claim if all of the following apply:
Turnover under $10 million
Your business has an aggregated annual turnover of less than $10 million.
Each asset costs under $20,000 Ex GST
The $20,000 limit applies per asset โ you can claim multiple assets in the same year.
Used for a taxable (business) purpose
The asset must be used for a business purpose. Only the business-use portion is deductible.
Installed by 30 June 2026
The asset must be first used or installed ready for use between 1 July 2025 and 30 June 2026.
Not excluded under ATO rules
The asset must not be otherwise excluded under ATO rules โ for example, certain horticultural plants or assets leased to another entity.
Frequently asked questions
Can I claim more than one asset?
Yes. The $20,000 threshold applies on a per-asset basis. If you purchase five items each costing under $20,000, you can claim all five in the same year, there is no cap on the number of assets you can write off.
Does the asset need to be new?
No. The Instant Asset Write-Off covers both new and second-hand assets, provided the other eligibility criteria are met.
What if I use the asset partly for personal use?
You can only deduct the business-use portion of the asset's cost. For example, if an asset costs $10,000 and 80% of its use is for business, your deduction would be $8,000.
Does simply purchasing the asset before 30 June mean I qualify?
Simply purchasing the asset before 30 June is not enough. The asset must be first used or installed ready for use by 30 June 2026 to qualify for the 2025โ26 write-off. Plan ahead to allow time for delivery and set-up.
What happens if an asset costs $20,000 or more?
Assets costing $20,000 or more cannot be immediately written off under this scheme and must instead be placed in the small business depreciation pool and written off over time. Speak with your accountant for the best approach.
What happens after 30 June 2026?
Under current legislation, the instant asset write-off threshold drops to $1,000 from 1 July 2026 unless the government legislates a further extension. This makes the 2025โ26 financial year an important window for eligible businesses.
Should I speak to my accountant?
Absolutely. While this page provides a general overview, your accountant or tax adviser can confirm your eligibility, calculate your exact deduction, and ensure your claim is lodged correctly. Tax rules can be complex and individual circumstances vary.
Make the most of EOFY before 30 June
Browse our range of professional health equipment and invest in your practice before the deadline, and claim the full cost back at tax time.
Disclaimer
This page provides general information only and does not constitute financial or tax advice. Eligibility and claim amounts depend on your individual circumstances. Always consult a qualified accountant or tax adviser before making decisions.
