Could you soon instantly write off $20K?

Are you a small business or sole trader?

The Australian government’s $20,000 instant asset write-off for small businesses has been extended until 30 June 2026, providing a fantastic opportunity for business owners to invest in their home office or business premises setup.

After being legislated for the 2023-24 and 2024-25 income years, the $20,000 instant asset write-off has now been extended again to cover the 2025-26 income year. The measure allows eligible small businesses to immediately deduct the full cost of qualifying assets costing less than $20,000, rather than depreciating the cost over several years.

The current threshold passed Parliament in December 2025 and applies to assets first used or installed ready for use during the 2025-26 income year. From 1 July 2026, the threshold is currently legislated to revert to $1,000, so there is a defined window to consider before year-end.

The latest information from the ATO can be found here.

Under the current measure, small businesses with an aggregated turnover of less than $10 million can instantly write off multiple assets that are first used or installed ready for use between 1 July 2025 and 30 June 2026. Assets valued at $20,000 or more, which cannot be immediately deducted, can be placed into the small business simplified depreciation pool and depreciated at 15% in the first income year and 30% each year after that.

Put simply, small businesses with an aggregated turnover of less than $10 million can immediately deduct the full cost of every eligible asset costing less than $20,000.

One of the key areas where small businesses might be able to benefit from the instant asset write-off is in setting up or upgrading their home office or business premises solutions.

While the current instant asset write-off is fantastic news, it’s essential for small business owners to stay informed about this opportunity, as well as current rules, and get some expert advice. There are already multiple deduction methods to claim business expenses, and existing depreciation rules that apply to any eligible business purchases. The tax treatment of any specific building purchase depends on individual circumstances – whether it is treated as a depreciating asset, falls into the small business depreciation pool, or is treated as capital works – so you should discuss this with your accountant before making any purchasing decisions.

The smart choice

But all this aside, choosing a PreCrafted home office solution offers numerous benefits that make it an attractive option for small businesses and those working from home.

With prices starting from around $10,000 for an ample-sized space, investing in a quick, easy and cost-effective Greenspan building can be a smart choice for small business owners.

Some of the many benefits of choosing the PreCrafted route over a traditional extension or home renovation include:

1. Quick to complete: After almost 50 years of expertise in this industry, creating your home office is a quick, easy, trusted and reliable process with us. From initial design to PreCrafting in our Sydney factory to delivery to site… the entire process can be completed in just weeks. And with council-exempt options available, you can get your new home office or workspace with almost no hassle, and in no time at all! 

2. Quick installation: Our buildings are crafted off-site, then delivered in prefabricated modular parts to the last delivery vehicle access point, ready for rapid on-site installation. This minimises disruption to your daily business operations and allows you to start using your new workspace sooner. Time is money!

3. Portable: Our buildings are precision-engineered and PreCrafted using a clearspan roof design and a modular panel system that allows it to be fully portable as a completed structure, once installed. Easy to crane in and out of location, should you move home or business location, your home office or workspace can go with you!

4. Customisable designs: We offer a large variety of designs, sizes and personalisation features to ensure your specific requirements and aesthetic preferences are met. Recognising that every customer is unique, we prioritise a collaborative and flexible design process that brings your specific vision to life. After all, your new workspace needs to represent you and your business, while being both functional and aesthetically pleasing.

5. Cost-effective: Prefabricated buildings are often more affordable than traditional construction methods, making them an attractive option for small businesses looking to maximise their instant asset write-off benefits. By investing in a PreCrafted home office from Greenspan, business owners can create a dedicated workspace without breaking the bank. 

6. High quality: Our PreCrafted home office solutions are constructed using high-quality materials boasting superior thermal and acoustic insulation. This creates a comfortable, peaceful and productive working environment, all year-round. A well-insulated, high-quality space also helps to lower energy bills by naturally regulating temperatures and minimising the need for heating and cooling. And of course, being built with premium materials using precision engineering and manufacturing techniques means structural integrity and durability – a home office built to last! 

7. Sustainable and energy efficient: Our buildings are designed with sustainability in mind. As an inherently environmentally conscious building process and an energy-efficient finished product, you can rest assured that your business’s carbon footprint is minimised. And you lower your ongoing energy costs. It’s a win-win!

A smart future investment, no matter the outcome

At Greenspan, we are committed to helping small businesses and remote workers create the ideal home office environment. Our PreCrafted building solutions are designed to maximise your workspace’s potential while minimising costs and disruption to your daily operations. Take a look at our project gallery to see some of the incredible home office spaces other Greenspan customers have created.

If a home office, studio or workspace is on your shortlist for this financial year, lead times matter – design, factory build, delivery and on-site installation all need to fit inside the window.

Talk to your accountant about whether a purchase would qualify for your circumstances, then talk to us early so we can confirm what’s achievable from our end. We’ll be happy to discuss your specific requirements and help you find the perfect solution.

Whether you’re able to take advantage of the instant asset write-off or are looking to simply invest in a high-quality, efficient workspace, our team is ready to assist you.

Disclaimer: Whether any specific Greenspan product qualifies depends on individual circumstances and how the structure is treated for tax purposes. Depending on the structure, how it’s installed, and how it’s used, your accountant can confirm whether it can be treated as a depreciating asset or as capital works deducted over a longer period, or pooled for depreciation. The information provided is a general overview only, not tax advice, and your accountant is the right person to confirm the treatment for your situation.