Temporary full expensing / instant asset write-off

Australian tax measures that let businesses deduct the full cost of eligible assets in the year they are first used instead of depreciating them. Temporary full expensing applied from 2020 to 2023; the instant asset write-off is a recurring measure with a cost threshold for smaller businesses.

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Related terms

Tax and depreciation

• Accelerated depreciation
• Diminishing value
• Double declining balance
• Sum-of-the-years' digits
• Tax deferral
• Tax timing strategies
• Units of production