Episode
Instant Asset Write-Off Permanently at $20k, Boosting Small Businesses
- Published
- May 9, 2026
- Duration seconds
- 67
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Summary
Small businesses and tradies score a major victory as the instant asset write-off becomes permanent, allowing them to deduct the full cost of gear, tools, or machinery up to $20,000 per item. This move, announced by Treasurer Jim Chalmers, eliminates the need for annual paperwork and frees up significant time and resources. The threshold applies to all assets at the end of the financial year, encouraging investment and boosting productivity across the economy. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: [email protected] This is an automated, high-level news summary based on public reporting. Report issues to [email protected]. View sources & latest updates: https://sources.thednn.ai/40e826e9c5eed4c4