I’m trying to get clarity in the instant asset write off
i I know an asset needs to be under $20,000 and I know you can claim multiple but can the total sum of the assets be over $20,000
i.e I buy 5 assets each are $10,000
can I write them all off and get an instant deduction of $50,000?
Be aware of the negatives of the instant asset write off.
From ATO
"The $20,000 limit applies on a per asset basis, so you can instantly write-off multiple assets."
$20,000 instant asset write-off for 2025–26 | Australian Taxation Office
If you buy 5 assets costing $10,000 each and you are going to use the instant asset write off you are required to write them all off.
Every asset you buy that is less than $20,000 must be written off.
The instant asset write off is part of the simplified depreciation rules
"If you choose to use the simplified depreciation rules, you must:
Simpler depreciation rules for small business | Australian Taxation Office
Hi @WillMx1985,
Yes, you can claim all of them. The $20,000 limit applies to each individual asset, not to the total amount you spend. So, if you buy 5 separate assets at $10,000 each, each one qualifies on its own.
That means you can claim the full $50,000 as a deduction in the same year, as long as you’re eligible (small business, assets are installed and ready for use and used for business purposes).
Keep an eye on our latest news on tax and superannuation law and policy for future updates on the Instant Asset Write Off measures.
The measures announced in the 2026 Federal Budget are not yet law. So, it's too early for us to be able to comment further, but you can read more about the proposed changes in the 2026-27 Budget papers.
22 Apr 2024 · 3 min read time
15 Apr 2026 · 4 min read time
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