ATO Updates Guidance on Depreciation Considering Permanent Extension of Instant Asset Write-Off for Smaller Businesses

The Australian Taxation Office published several guidance updates on 28 August 2026 in relation to the permanent extension of the AUD 20,000 instant asset write-off for small business entities with an annual turnover of under AUD 10 million. The instant asset write-off threshold was permanently extended beyond its previous June 2026 end date as part of the Treasury Laws Amendment (Tax Reform No. 2) Act 2026.

The updated guidance includes:

• Instant asset write-off for eligible businesses
• Si…