Instant Asset Write-Off 2026-27: What Is Actually Law (And What Is Not)
The $20,000 permanent write-off was announced in the May 2026 Budget. Announced is not the same as legislated — and the difference matters if you are timing a purchase.
The $20,000 permanent write-off was announced in the May 2026 Budget. Announced is not the same as legislated — and the difference matters if you are timing a purchase.
The general interest charge runs at around 10.96% a year, compounds daily, and stopped being tax-deductible on 1 July 2025. Australian small business owes $35.9 billion of it.
Every date in FY27 that changes what your business pays. Written for owners rather than accountants, and updated as legislation moves.