Instant Asset Write-off Calculator

The 2020 year has brought new changes regarding the thresholds and eligibility to obtain an immediate write off of your business use assets. 


Use this calculator to see if your asset purchase is eligible for the instant asset write off in the 2020 financial year.  This threshold applies to each asset irrespective of whether the asset is purchased new or second-hand*

*Disclaimer: This calculator should be used as a guide only. 

Please also note, the immediate asset write off available on a car (a passenger vehicle designed to carry a load of less than one tonne or fewer than nine passengers) is limited to the car limit of $57,581. Please contact us for more information. 

For certainty regarding your eligibility, speak to your advisor or contact Davidsons at info@davidsons.com.au

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Last updated 06/10/20