Great News for Australian Gym Owners: $20,000 Instant Asset Write-Off
Pat Rottura
Great News for Australian Gym Owners: $20,000 Instant Asset Write - Now a Permanent Rule for 2026!
Exciting updates from Parliament on 25th November! Just before the Christmas break, both houses of the Australian Parliament passed a ruling allowing for aΒ $20,000 instant asset write-off for small businesses in 2026. This will be a permanent boost to the small business simplified depreciation rules is fantastic news for gym owners, martial arts studios, and fitness facilities looking to invest in upgrades from 2026.
What is the Instant Asset Write-Off?
For eligible small businesses with an aggregated annual turnover of less than $10 million, you can claim an immediate deduction for the full cost of qualifying depreciating assets (new or second-hand) that cost less than $20,000 each (excluding GST if you're registered). The final passing of the rule is just waiting final seal and will most likely be in full swing in early 2026 once parliment resume giving you over the Christmas and New Year break time to plan for dominating in 2026.
The threshold applies per asset, meaning you can purchase multiple items under $20,000 and write off each one instantly β significantly improving your cash flow and reducing taxable income in the 2025β26 financial year.
Assets costing $20,000 or more can still be added to your small business pool for accelerated depreciation.
Why This is Perfect Timing for Your Gym Renovation
There's never been a better time to start planning, update, or renovate your gym! With this addition, you can maximise tax benefits on essential equipment purchases in 2026.
For example:
- High-quality Fuji MatsΒ for your training area β around $18,000 for a full setup.
- A professional Fuji Boxing RingΒ β approximately $18,000.
- A sturdy Fuji Trolley Bag RackΒ for organised storage β about $18,000.
That's a total investment of $54,000, and since each item is under the $20,000 threshold, you could claim an instant tax deduction of the full $54,000.Β (subject to your business use proportion and eligibility).
This incentive helps offset costs for durable, high-performance gear that will elevate your facility and keep your members safe and motivated, talking up how good the gym looks.
Key Eligibility Notes
- Your business must have turnover under $10 million.
- Assets must be for business use (claim the taxable purpose proportion).
- Always consult your accountant or the ATO for personalised advice, as rules can have specific conditions (e.g., exclusions for certain assets like cars with limits).
For full details, visit the [ATO's page on the $20,000 instant asset write-off]
Ready to Upgrade Your Gym?
At Fuji Mats Australia, we're here to help you make the most of this opportunity. Whether you're outfitting a new BJJ academy, refreshing your MMA gym, or adding premium flooring and equipment to you yoga gym, our team can provide quotes tailored to stay under the threshold for maximum tax benefits.
Contact us today for a free consultation and let's plan your 2026 upgrades!
Don't miss out β this instaant tax write-off is a game-changer for small fitness businesses across Australia!Β
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