For years, planning a larger equipment purchase came with a nagging side question: will the $20,000 instant asset write-off still be there by the time we buy? The threshold was set one year at a time, often confirmed close to the deadline, which made it hard to plan with any real certainty. That part is now settled. In August 2026, Parliament passed legislation making the $20,000 instant asset write-off permanent for small businesses from 1 July 2026. Here's what that changes

The instant asset write-off has been extended for the 2025–26 financial year, which is great news for small businesses planning to invest in equipment, tools or technology. If used correctly, it allows you to claim an immediate deduction rather than depreciating the asset over several years. But timing and eligibility matter. We’ve seen businesses miss out simply because one requirement wasn’t met. Before you make your next purchase, work through this simple checklist. Is Y