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  • Instant asset write-off thresholds

    Under instant asset write-off eligible businesses can:

    • immediately write off the cost of each asset that cost less than the threshold
    • claim a tax deduction for the business portion of the purchase cost in the year the asset is first used or installed ready for use.

    Instant asset write-off can be used for both new and second-hand assets. Some exclusions and limits apply.

    The instant asset write-off eligibility criteria and threshold have changed over time. You need to check your business's eligibility and ensure you apply the correct threshold amount.

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      Last modified: 23 Jun 2020QC 21100