Claim an immediate deduction for small business

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(Newbie)Newbie

1 May 2024

Hi,

I am new to Australia and field, so pardon me for my question.

I was searching for information on the threshold amount for 'fixed asset' in general for small business, then I found these two articles;

Assets costing $300 or less ://www.ato.gov.au/individuals-and-families/income-deductions-offsets-and-records/deductions-you-can-claim/tools-computers-and-items-you-use-for-work/depreciating-assets-you-use-for-work/assets-costing-300-dollars-or-less#ato-Test1assetcosts300orless
Capital allowances: low-cost assets – threshold rule for small business ://www.ato.gov.au/businesses-and-organisations/income-deductions-and-concessions/depreciation-and-capital-expenses-and-allowances/in-detail/low-value-pools/capital-allowances-low-cost-assets-threshold-rule-for-small-business

Article #1 says $300 whereas Article #2 says $100 - to claim for immediate deduction instead of capitalising it, can anyone help me understand the difference of these two?

Thank you

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