For 2023–24, the Instant Asset Write-Off lets eligible small businesses (aggregated turnover under $10 million) immediately deduct the cost of eligible depreciating assets priced at less than AUD $20,000 each.
The asset must be first used or installed ready for use between 1 July 2023 and 30 June 2024, and the threshold is per asset—so multiple sub-$20k purchases can each qualify.
Anything at or above $20,000 goes into the small-business depreciation pool and gets written down the old-fashioned way.
Passenger vehicles are capped by the ATO car limit (AUD $68,108 for 2023–24), and any private use needs to be excluded from the claim.
It’s a cash-flow helper, not a shopping spree—check the ATO rules or your tax adviser before you try to write off a yacht and call it “client meetings.”
Cars For Sale
Caravans For Sale
Cars For Sale
Cars For Sale
Caravans For Sale
22Caravans For Sale
16Caravans For Sale
21Caravans For Sale
15Cars For Sale
18Cars For Sale
22Caravans For Sale
19Caravans For Sale
17Caravans For Sale
18Caravans For Sale
13Cars For Sale
11Caravans For SaleThe xc90 seven seater is the big boy in volvo's suv line-up with price cuts across the board. The r-design can be optioned with the 2.4-Litre five-cylinder turbodiesel which puts...
Band Equipment
15Residential For Sale
Cars For Sale
Caravans For Sale
Cars For Sale
Cars For Sale
Cars For Sale
Cars For Sale
Cars For Sale
Cars For Sale
Cars For Sale
9Cars For Sale
