Making a last-minute business purchase before EOFY? Read the fine print first
Business advocates say those looking to use the $20,000 instant asset write-off should read the fine print before spending big.
Less than 48 hours remain to take advantage of the instant asset write-off for 2025-26, but business advocates say those looking to make a last-minute purchase should read the fine print before spending big.
The instant asset write-off (IAWO) allows small businesses to instantly deduct the cost of eligible business upgrades, providing tax deductions for assets worth up to $20,000.
To take advantage of that deduction in the current financial year, any eligible assets must be purchased and used, or installed ready for use, by June 30.
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