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Instant asset write-off calculator

Check whether an asset purchase qualifies for an immediate deduction, and estimate the tax saved.

Help us make this tool better — are you a tax agent or accountant? Review or test this calculator and get your agency listed here.

$20,000 threshold is law for FY2025-26. Permanent extension beyond that is proposed but not yet passed (Tax Reform No. 2 Bill) — this calculator shows both scenarios.

Financial year
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Business structure
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If the $20,000 threshold is made permanent (Tax Reform No. 2 Bill 2026)

$12,000

Immediate deduction — saves $3,600 in tax.

If the Bill doesn't pass — reverts to $1,000 (Division 328 default)

$0

Not eligible — routed to standard depreciation.

  1. 1

    Checked the turnover cap

    Passed — aggregated turnover of $1,000,000 is under the $10m instant asset write-off cap.

  2. 2

    Applied business-use percentage

    80% business use of a $15,000 asset is $12,000.

    $12,000.00

  3. 3

    $20,000 threshold is not yet law beyond FY2025-26

    The 2026-27 Budget proposed making the $20,000 threshold permanent, but that's in the separate Tax Reform No. 2 Bill 2026, which has NOT passed Parliament as of this build. If it doesn't pass, the threshold reverts to $1,000 from 1 July 2026 under the long-standing Division 328 default. Both outcomes are shown below since this is genuinely undetermined.

  4. 4

    If the $20,000 threshold is made permanent (Tax Reform No. 2 Bill 2026): eligible

    Asset cost $15,000 is under the $20,000 threshold — $12,000 claimed immediately, saving $3,600 in tax at a 30% rate.

    $3,600.00

  5. 5

    If the Bill doesn't pass — reverts to $1,000 (Division 328 default): not eligible

    Asset cost $15,000 is at or above the $1,000 threshold — routed to standard depreciation instead.

    $0.00

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Assumptions

  • $20,000 threshold is law for FY2025-26. Permanent extension beyond that is proposed but not yet passed (Tax Reform No. 2 Bill) — this calculator shows both scenarios for FY2026-27 onward.
  • The company tax rate is inferred from the turnover-only base rate entity test (aggregated turnover under $50m); the '≤80% passive income' condition is not modelled.
  • Assumes the asset is not excluded from the write-off (e.g. some assets like buildings, horticultural plants, and certain leased assets have separate rules not modelled here).

Note

These figures are estimates only, based on the assumptions above. They do not constitute financial, tax, or accounting advice. Please consult a registered tax agent or accountant before making any decisions. We accept no liability for any loss arising from reliance on this calculator.