The $20,000 tax write-off nobody is using
The $20,000 instant asset write-off may be finally permanent, but new data suggests businesses may not have the cash or confidence to use it.
Last month, small businesses got the thing they had asked for since 2015: the $20,000 instant asset write-off to remain permanent.
On August 19, 2026, the tax measure passed through Parliament without amendment, which means businesses with turnover under $10 million can immediately deduct the business portion of a capital purchase up to $20,000, per asset, on an ongoing basis.
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