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ATO Announcement
2024-25 ✓ Confirmed Law
2025-26 ⚠ Announced

$20,000 Instant Asset Write-Off Extended for Queensland Businesses

Small businesses (turnover < $10M) can immediately deduct equipment purchases up to $20,000 in the 2024-25 financial year. The government has announced an extension for 2025-26, pending legislation.

✓New & Used
✓Ex GST $20k
✓Business Use
✓< $10M Turnover

Legislative Status: 2024-25 (1 July 2024 to 30 June 2025) is confirmed law. 2025-26 extension announced but not yet legislated. Consult your tax advisor for eligibility.

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