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Temporary full expensing

You may be able to claim an immediate deduction for the cost of eligible assets and improvements to existing assets.

A summary of what temporary full expensing is and how it interacts with depreciation incentives and loss carry back.

Explains entity eligibility for temporary full expensing and which assets are eligible.

How you work out your deduction and when you claim it depend on when you first held and first used your asset.

Learn whether corporate tax entities unable to meet $5b turnover test can be eligible for Temporary full expensing.

Find out if you can opt out of temporary full expensing for an income year on an asset-by-asset basis.

Find out if your small business can apply modified temporary full expensing if using the simplified depreciation rules.

Work out how to claim deductions under temporary full expensing when you lodge your tax return.