The Instant Asset Write-off Scheme Returns in 2025
As we approach the end of the financial year, there are valuable opportunities for small to medium business owners to optimise their tax position through available deductions and concessions, such as the instant Asset Write-off. If you run a business, now is the time to act—especially if you’re considering upgrades that won’t interrupt your cash flow.
Good News: The Instant Asset Write-off is Back
The Instant Asset Write-off scheme has returned for another year, offering a valuable opportunity for businesses to secure quality equipment while claiming the full cost as a tax deduction.
What is The Instant Asset Write-Off?
As with last year, the scheme allows SMEs with an annual turnover of less than $10 million to purchase and immediately write off assets costing up to $20,000 each. This includes any eligible business assets that are first installed or ready for use by 30 June 2025.
Importantly, the threshold applies per asset, so you’re not limited to a single $20,000 purchase.
Eligible Assets Include
- Trade tools
- Office equipment
- Restaurant equipment
- Other business equipment
What’s Changed Since Last Year?
The scheme remains largely unchanged from last financial year. It’s an extension, not a revision.
>However, one key update is that businesses may also be able to deduct costs added to eligible assets between 1 July 2024 and 30 June 2025—even if the base asset was purchased the previous year [1](ATO).
Business owners should note that under the next federal budget, the threshold is expected to drop significantly—from $20,000 to just $1,000 per asset [2] (2025).
This makes the current window potentially the last major opportunity to take advantage of the higher limit.
Act Before 30 June 2025
To qualify, You must install any asset, or have it ready to use by June 30th 2025. If you’re planning to purchase new equipment, now is the time to act.
Speak with your local MoneyQuest broker today about your lending options. Don’t miss out on the chance to invest in your business and reap the tax benefits.
Take control of your business and get in touch today.
Disclaimer:
This article is written to provide a summary and general overview of the subject matter covered for your information only. Every effort has been made to ensure the information in the article is current, accurate and reliable. This article has been prepared without taking into account your objectives, personal circumstances, financial situation or needs. You should consider whether it is appropriate for your circumstances. You should seek your own independent legal, financial and taxation advice before acting or relying on any of the content contained in the articles and review any relevant Product Disclosure Statement (PDS), Terms and Conditions (T&C) or Financial Services Guide (FSG).
Please consult your financial advisor, solicitor or accountant before acting on information contained in this publication.
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