Instant Asset Write Off threshold is 150K for assets purchased by 31/12/2020

If you’re looking to claim a deduction for assets purchased for your business, the $150,000
instant asset write-off threshold has been extended to 31 December 2020.

If eligible, you can claim an immediate deduction for the business portion of an asset first
used or installed ready for use
● from 1 July to 31 December 2020, in your 2020-21 tax return
● from 12 March to 30 June 2020 in you 2019-20 tax return