The amount you can write-off will depend on when the asset was purchased and the associated threshold amount.
From 7.30pm (AEDT) on 12 March 2020 to 30 June 2021, providing the asset is purchased by 31 December 2020, the Government allows businesses with an annual turnover of less than $500 million (up from $50 million) to immediately write-off (expense) each purchased asset under $150,000 (up from $30,000).
From 7.30pm (AEDT) on 2 April 2019 to 11 March 2020 the Government allows businesses with an annual turnover of less than $50 million to immediately write-off (expense) any purchases of items $30,000 and under.
If you buy an asset that comes under the threshold, you can claim the business portion of the asset’s use in your tax return for that financial year. You can claim a deduction for multiple assets as long as the cost of each individual asset is less than the relevant threshold.
For more information, visit the ATO website.