EOFY 2026 — Act Before 30 June
$20,000 Instant
Asset Write-Off
Extended
Eligible businesses can immediately deduct the full cost of qualifying fuel storage, workshop and fluid handling equipment — purchased and installed before 30 June 2026.
Deadline
30 June
2026
Equipment must be
installed & ready for use
From 1 July 2026, the threshold reduces back to $1,000. This is a time-limited EOFY opportunity.
Federal Government initiative
What is the instant asset write-off?
The Federal Government's $20,000 instant asset write-off has been extended until 30 June 2026, creating a valuable opportunity for eligible businesses to invest in essential equipment before the end of financial year.
Rather than depreciating the cost of equipment over several years, eligible businesses may be able to immediately deduct the full purchase price of qualifying assets under $20,000 (excluding GST) in the same financial year. For many businesses, this means equipment upgrades that improve efficiency, safety and compliance can also deliver a significant tax benefit this financial year.
If your business has an annual turnover under $10 million and you've been considering upgrading your fuel storage, workshop equipment, or waste oil handling systems, now is the ideal time to act.
Eligibility
What qualifies for the write-off?
Eligible businesses can claim an immediate deduction for qualifying assets that meet all of the following conditions:
Under $20,000Cost less than $20,000 excluding GST per asset
Before 30 June 2026Purchased and installed ready for use before the deadline
Business useUsed for business purposes in your operation
New or second-handApplies to both new and second-hand equipment
Important: The $20,000 threshold applies per asset — meaning multiple qualifying purchases can each be claimed separately in the same financial year.
Qualifying equipment
Fuel & workshop equipment
that may qualify
Many common workshop and fuel management upgrades fall within the instant write-off threshold, including:
Real-world scenarios
How it works in practice
Example 1
Diesel storage upgrade
A diesel transfer tank package with pump, filtration and hose reel can often fall under the $20,000 threshold — allowing eligible businesses to claim the full amount this financial year while improving on-site refuelling efficiency and fuel management.
Example 2
Waste oil handling
Upgrading to a dedicated waste oil tank and evacuation system can improve workshop safety, housekeeping and environmental compliance — while potentially qualifying for an immediate tax deduction under the write-off scheme.
Why businesses are acting now
Make the most of EOFY 2026
Many businesses are using this window to accelerate planned equipment upgrades. Common reasons include:
- 01 Replace ageing or non-compliant equipment — address equipment that no longer meets safety or environmental standards before the new financial year.
- 02 Improve workshop efficiency and safety — modern fuel handling and waste oil systems reduce manual handling, spill risks and downtime.
- 03 Upgrade fuel storage capacity — increase on-site fuel reserves to support growing fleet or project requirements.
- 04 Prepare for increased demand — position your workshop for higher throughput heading into the new financial year with the right equipment in place.
- 05 Maximise the tax benefit window — from 1 July 2026 the threshold drops back to $1,000, making this a genuinely time-limited opportunity.
Equipment must be installed & ready for use by 30 June 2026
It is not sufficient for equipment to simply be ordered or invoiced before the deadline. The asset must be purchased, delivered and installed ready for use before 30 June 2026 to qualify under the scheme.
30 June
2026
Hard deadline
Important: The information on this page is general in nature and does not constitute financial or tax advice. Always confirm eligibility and tax treatment with your accountant or registered tax adviser before purchasing, as individual circumstances may vary. A-FLO Equipment is not a tax adviser.