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Instant asset write-off: the current threshold

The rules have changed almost every year since 2015. What was true for the asset you bought last year may not be true for this one.

Last reviewed November 2026

Temporary full expensing ended on 30 June 2023. Since then the instant asset write-off has run at a threshold set year by year — $20,000 per asset for small businesses with turnover under $10 million, applied on a per-asset basis so several purchases can each be written off.

Because the threshold has moved repeatedly, the date the asset was first used or installed ready for use governs which rule applies. An invoice dated in June and a delivery in August fall in different years. Ordering equipment is not installing it.

Assets over the threshold do not lose their deduction; they go into the small business simplified depreciation pool and are deducted at 15% in the first year and 30% thereafter. The write-off brings a deduction forward; it doesn’t increase it. That matters if a purchase is being justified as a tax saving.

Cars are capped by the car limit regardless of purchase price, and the GST credit is capped in the same proportion. A $90,000 vehicle does not generate a $90,000 deduction.

The deduction reduces taxable income; it does not generate cash. In a year with modest profit, a large purchase can create a loss that sits unused while the finance repayments continue. It is worth modelling before 30 June.

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General information only, current at the date shown above. It does not take your circumstances into account and is not a substitute for advice. If it applies to a decision you are about to make, .

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TSIA PARTNERS
Suite 201, Level 2
309 Pitt Street, Sydney NSW 2000
general@tsiapartners.com.au
02 9267 6533
© 2026 Tsia Partners Pty Ltd · ABN 26 637 447 235 · Tax Agent 2604 5805 · ASIC Registered Agent 40908 · Liability limited by a scheme approved under Professional Standards Legislation
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Registered Tax Agent 2604 5805 · Chartered Accountants ANZ · Sydney CBD
02 9267 6533
Tsia Partners
TSIA PARTNERS
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About

A Sydney practice since 1974.

Tsia Partners is a Sydney chartered accounting and tax practice working with individuals and businesses across Australia. We handle the annual compliance work and advise on the decisions around it. We have kept the practice small so a principal stays responsible for your work.

Many clients have been with us for decades, through business sales, family changes and the occasional ATO review.

Our history

The practice began in 1974 as L K Tsia Chartered Accountants, founded by Loi Kah Tsia. Tsia Partners was formed in 2019 to continue that work, led by Jia Hao Tsia.

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Founder

Loi Kah Tsia

Known to clients as Tom
BComm, FCA, FCPA — Tax Agent and Registered Auditor

Tom was born in Sandakan, Sabah, in 1947. He grew up in Malaysia and came to Australia on his own to study. After qualifying as a Chartered Accountant he worked in other firms for several years, and in 1974, with the support of his wife, he opened his own practice, L K Tsia Chartered Accountants, in Sydney.

Over more than forty-five years he advised charities, unions and employer associations, manufacturers, family businesses and individuals. Many of those clients are still with the practice today.

He worked to three principles, and Tsia Partners still does:

Client first
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The firm is now led by Jia Hao Tsia.

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A small team who know your file.

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Tell us what you need.

A sale, a restructure, an ATO letter, or a decision you want checked before you make it. Write it in your own words.

Introductory call · 20 minutes · with a principal
In person at 309 Pitt Street or by phone, at a time you choose.
See available times
Or send it in writing and the principal will come back to you.
A principal reads every enquiry. Please don’t include tax file numbers or documents here.
Estimate your fee
Choose all that apply. Tap again to deselect.
1 — Who for · select any
2 — What you need · select any
IAS lodged
BAS lodged
Pay runs
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$15 per employee per lodgement, plus GST
3 — How complex
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A guide only, not a quote. Fees are ex GST and confirmed in writing once we’ve looked at your situation.
Narrow it down · optional

A little detail helps us quote accurately: the number of entities, any years outstanding, and the state of your records.

For initial enquiries only. Please don’t include tax file numbers or documents here.
Registered and accountable
Tax Practitioners Board Registered — Tax Agent 26045805 Chartered Accountants Australia and New Zealand
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Key dates

Lodgement and payment deadlines for 2026–27.

Where a due date falls on a weekend it moves to the next business day, and we’ve shown the adjusted date. Clients on our tax agent list often have later due dates than those below.

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TSIA PARTNERS
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02 9267 6533
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