EOFY 2026 — Tax Eligibility Information

Instant Asset Write-Off (under $20,000 ex GST)

Eligible small businesses with aggregated turnover under $10 million using simplified depreciation rules can claim a 100% upfront deduction on assets costing less than $20,000 ex GST. The limit applies per asset, not in total — so multiple units can each qualify independently.

For GST-registered businesses, the threshold is assessed excluding GST. A printer priced at $21,999 inc GST has a net cost of $19,999 ex GST and qualifies under this threshold.

Assets $20,000 and Above

Equipment at or above $20,000 ex GST enters your small business depreciation pool:

• 15% deduction in the first income year (FY2026)
• 30% deduction each year after
• If your total pool balance falls below $20,000 at 30 June 2026, the entire remaining balance can be written off immediately

Critical Deadline — 30 June 2026

To claim a deduction for FY2025–26, the asset must be delivered and installed ready for use at your business premises by 30 June 2026. Paying a deposit or receiving an invoice before June 30 does not qualify if delivery or installation occurs after that date.

Multiple Assets

The $20,000 threshold applies on a per-asset basis. Businesses equipping multiple workstations or production lines can write off each qualifying unit individually in the same financial year.

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Tax eligibility criteria apply. ADD Labs does not provide taxation advice. Small business entities must have an aggregated annual turnover of less than $10 million and utilise simplified depreciation rules to qualify for the instant asset write-off. Always consult a registered tax agent or accountant to determine how these rules apply to your specific business structure. If equipment is used for both business and private purposes, only the business-use percentage may be claimed.