Instant asset write-off thresholds

Using the simplified depreciation rules, assets costing less than the relevant instant asset write-off threshold are written off in the year they are first used or installed ready-for-use. This threshold applies to each asset irrespective of whether the asset is purchased new or second-hand.


The threshold has changed over the last few years and during the current year as shown in the table below.


Instant asset write-off thresholds

Date range


Threshold for each asset




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