Ah, the elusive instant asset write-off, the tax deduction fairy godmother for Aussie individuals and small business owners. Simply put, it allows you to immediately deduct the business portion of the cost of eligible assets in the year they’re purchased and used or installed ready for use. As of recent rules, individuals carrying on a business can write off assets costing less than $20,000 AUD instantly, rather than depreciating them over several years.
Keep in mind, this isn’t a free-for-all; your asset must be used for business purposes, and there’s a turnover threshold to qualify—usually under $10 million AUD. For those not toeing the business line, sorry, this one's not for you. Always consult the latest ATO guidelines or a tax professional to avoid nasty surprises.
Check back soon, or revise your filters.
Listing your ad only takes a few minutes, and most categories are free.
Post an adA weekly hand-picked round-up of the best bargains, free stuff, and trending listings. No spam, unsubscribe anytime.
Know someone looking to buy or sell something? Send them to Tradingpost, Australia's original marketplace.
Know the warning signs of a dodgy deal before you buy or sell online.
Read the guideRead guide