Business Depreciation 2025. If a depreciating asset is used in gaining your assessable income, generally. In australia, the australian taxation office (ato) sets out specific depreciation rules that small businesses can elect to use as a method of accelerating the tax deductibility of certain small.
$20,000 threshold from 1 july 2023 to 30 june 2025 (no extension to medium sized businesses) and revert to $1,000 from 1 july 2025; When businesses can claim tax deductions for depreciating assets and other capital expenses.