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Soletrader(I'm new)I'm new
3 Mar 2026

Hi there,

  1. instant asset writeoff, light commercial ute, 4445kg gvm, 1.5 tom payload, 4-5 seater


sole trader, wanting to claim instant asset writeoff, 2024/5 tax year, over 20K income, is this ok? not in car limit from what i understand. only used for business

a. have another car, claims the , up to 5000kms


thank you

129 views
2 replies
129 views
2 replies

All replies

Taxduck(Taxicorn)Taxicorn
3 Mar 2026

Okay if your business is under the annual turnover limit, vehicle cost less than $20,000 and was purchased 2024/2025 year. Check eligibility in guidelines below.

Instant asset write-off for eligible businesses | Australian Taxation Office

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Can I use the instant asset write-off? | ATO Community