Get The Gear You Need - And A Tax Break Too!
Big news! The $20,000 Instant Asset Write-Off is sticking around until 30th June 2025. That means if you run a small business, you’ve got a few more months to grab essential equipment and claim the full cost back. No waiting. No complicated depreciation schedules. Just instant savings.
How It Works
- Business turnover is under $10 million. You’re in.
- Buy an asset under $20,000. Write it off instantly.
- The asset must be first used or installed between July 1, 2024, and June 30, 2025.
- Claim multiple assets - the cap applies per item, not total spend.
- If an asset costs over $20,000, it moves into the small business depreciation pool instead.
What’s Eligible?*
Wondering what qualifies? If you’re in recycling, manufacturing, or plastics processing, this is the perfect time to upgrade. Here’s what makes sense:
- Small Granulators – Process plastic more efficiently.
- Balers – Make waste management smooth and profitable.
- Conveyors – Speed up production and reduce labour costs.
- Blowers – Improve material handling and air movement efficiency.
- Hopper Loaders & Dryers – Ensure consistent material flow and optimal drying conditions.
- Water Chillers & Heaters – Maintain precise temperature control for production processes.
- Single Bagging Stations – Streamline packaging and storage of processed materials.
*Depending on the specifications of the machine
Why Move Fast?
There is only a few more months to claim this (ends 30th June 2025). If this is the last time the increased threshold is available, you don’t want to be the one who waited too long.
Let’s Make It Simple
At Telford Smith, we help businesses choose the right machinery - no guesswork, no stress.
Need expert advice about what machinery? Talk to us today and make the most of this tax break while it lasts.
For further details about the $20,000 Instant Asset Write-Off, visit the Australian Taxation Office (ATO) website or contact your accountant.
Photos
