Everything You Need to Know About the Instant Asset Write-Off
Автор: Lawpath
Загружено: 2026-01-13
Просмотров: 17
Описание:
Planning to buy new equipment or upgrade your business this financial year? Before you swipe the card, make sure you understand the Instant Asset Write-Off.
In this video, James from Lawpath explains how the Instant Asset Write-Off works under the 2024–25 and 2025–26 rules, who’s eligible, what you can claim under the $20,000 per asset limit, and the common mistakes that catch small businesses out.
James covers what qualifies, timing traps, vehicle rules, personal-use limits, and why buying something just for the tax deduction usually isn’t worth it.
If you’re already planning to invest in tools, tech, or equipment, this can be a smart way to improve cash flow, as long as you do it right.
Need help figuring out if a purchase qualifies? Lawpath’s got your back 👉 https://lawpath.com.au/
#InstantAssetWriteOff #SmallBusinessTax #BusinessTaxAustralia #EOFY #TaxTips #AustralianBusiness #SmallBusinessOwner #Lawpath
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