Instant asset write-off extended to 30 June 2025
As announced as part of the 2024-25 Budget, the $20,000 instant asset write-off limit has been extended until 30 June 2025 to continue to provide support for small businesses. The write-off allows eligible businesses to claim an immediate deduction for the purchase of qualifying assets if the assets are first used or installed by 30 June 2025.
