Posts Tagged "Asset Write-Off"

• Parliament Passes Permanent $20,000 Instant Asset Write-Off and Reintroduces Loss Carry Back Measures

  Posted on September 4th, 2026 by Naomi Norman

  In a welcome development for Australian businesses, Parliament has passed the Treasury Laws Amendment (Tax Reform No. 2) Bill 2026, delivering two significant tax measures announced in the 2026-27 Federal Budget:

  The $20,000 instant asset write-off has been made permanent for eligible small businesses.
  The tax loss carry back regime has been reintroduced for eligible companies.

  These changes provide greater certainty for business investment decisions and may improve cash flow for businesses experiencing fluctuating profitability.
  Permanent $20,000 Instant Asset Write-…

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  Posted in News Tags: Asset Write-Off, Small Business, tax