Claiming Power Tools on Tax: Instant Asset Write-Off

Thinking of upgrading your drill set or buying a new thermal imaging camera? The timing of your purchase matters.

The Instant Asset Write-Off allows eligible businesses to deduct the full cost of an asset in the year it was bought, rather than depreciating it slowly over several years. This improves your cash flow by reducing your tax bill immediately.

The 2026 Threshold

For the 2026 financial year, the threshold is currently set at $20,000 per asset for small businesses (turnover under $10m).
(Note: This threshold is subject to legislative change, so always check with us before making a big purchase).

What can you claim?

• Power tools (drills, saws, grinders).
• Testing equipment.
• Ladders and scaffolding.
• IT hardware (laptops/tablets for invoicing).