Home » Blog » Infographic: Is your business eligible for the $30k instant asset write-off?

Infographic: Is your business eligible for the $30k instant asset write-off?

If you’re a small business owner, you may have heard about the government’s $30k instant asset write-off scheme, applicable to certain purchases made before 30 June 2020.  

But how do you know whether your business or your purchases are eligible?  

To help you out, weve compiled an overview of some of the criteria that your business and purchases need to meet before making a claim via the scheme. For more detailed information, visit the ATO website or speak to your accountant. 

Is your business eligible for the $30k instant asset write-off? | Prospa

If you’re considering purchasing business equipment or assets to make the most of the scheme, but concerned about disrupting cash flow to do so, a small business loan from Prospa could be the answer. Find out more.

Primary CTA illustration
You believe business loans should be simple. We believe it too. That's why we offer a hassle-free approach to business loans with funding possible in 24 hours.
Apply today
Primary CTA icon
You believe business loans should be simple. We believe it too. That's why we offer a hassle-free approach to business loans with funding possible in 24 hours.

The information in this post is provided for general information only and does not take into account your personal situation. Nothing contained in this post constitutes advice or an endorsement or recommendation of any kind by Prospa. Any links to third party websites are strictly for informational purposes only. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from financial, legal and taxation advisors. Although every effort has been made to verify the accuracy of the information as at the date of publication, Prospa, its officers, employees and agents disclaim all liability (except for any liability which by law cannot be excluded), for any error, inaccuracy, or omission from the information for any reason, including due to the passage of time, or any loss or damage suffered by any person directly or indirectly through relying on this information.

Keep reading

Does the instant asset write-off or temporary full expensing apply to your business this EOFY?

17 May 2021 | 3 min read

With EOFY approaching, so is the instant asset write-off deadline We’ve put together some useful information for small business owners.

View more

Federal Budget 2021: 7 key take-outs for small businesses

12 May 2021 | 5 min read

Federal Budget 2021 includes benefits and subsidies aimed at boosting what the Treasurer described as the engine room of the economy: small business.

View more

The best EOFY investment I ever made

30 April 2021 | 3 min read

From coaching to equipment, these four small business owners used the EOFY to make investments that transformed their businesses.

View more

Subscribe to the Prospa Blog

Be inspired! Sign up to Prospa’s newsletter to receive tips, tools and small business success stories straight to your inbox.