Government to Permanently Extend $20,000 Instant Asset Write-Off

Written By Gillian Haley

The Government has recently introduced legislation that would make the $20,000 instant asset write-off permanent for small businesses (as announced in the 2026 Federal Budget). 

If enacted, the changes would: 

  • Permanently set the instant asset write-off threshold at $20,000 (instead of $1,000) for eligible depreciating assets first used, or installed ready for use, for a taxable purpose from 1 July 2026; and

  • Permanently set the general small business pool threshold at $20,000 from 1 July 2026. 

Gillian Haley
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