$20,000 Tax Write-Off for Brisbane Businesses – Claim Before June 2025
Business owners in Brisbane can now claim up to $20,000 for tools, equipment, or work vehicles on their tax returns.
Here’s what you need to know:
Who Can Claim?
You can immediately claim these deductions if you are a:
✔ Businesses with <10 million annual turnover
✔ Bought tools, equipment, or work vehicles between 1st July 2024 – 30th June 2025
✔ Individual items cost <$20,000 (before GST)
What Can You Claim?
- Work vehicles (utes, vans under $20k)
- Tools & equipment (laptops, trade gear)
- Office furniture (desks, chairs)
Key Rules
- The item must be used for your business
- You can claim multiple items, as long as each costs less than $20k
- Act fast – After 30 June 2025, it looks as though this threshold may drop to $1,000 unless the Government extend it.
Specific conditions and exclusions
The rules for tax claims can be tricky. There may be specific conditions and exclusions that could affect your claim.
It’s best to check with your accountant about
✓ Whether your purchase qualifies
✓ Best way to file and claim so you maximise your tax savings
✓ Any costly mistakes you might make
Need Help?
Contact us or call 07 3483 0100 for a free consultation
