18/06/2026
๐ก What is the $20,000 Instant Asset Write-Off?
If youโre a small business owner, this could be worth knowing about before 30th June.
In simple terms, eligible businesses may be able to immediately claim a tax deduction for business assets costing less than $20,000, instead of claiming the deduction over several years. The $20,000 limit applies per asset, which means multiple eligible purchases may qualify.
Thinking about upgrading:
๐ Equipment
๐ Vehicles
๐ป Computers and technology
๐ง Tools and machinery
Now could be a great time to get organised before the end of the financial year.
At Red Fox Asset Finance, we can help arrange finance for a wide range of business assets, making the process quick and straightforward.
๐ Contact Joanne today to discuss your options and get your purchases sorted before EOFY.
Ph. 0422 042 603
โ ๏ธ Eligibility criteria apply. Always speak with your accountant or tax adviser to confirm how any tax deduction may apply to your individual circumstances.