$20,000 Instant Asset Write-Off | Business Fitness Equipment

EOFY BUSINESS EQUIPMENT TAX DEDUCTION

$20,000 Instant Asset Write-Off

Eligible Australian small businesses may be able to claim an immediate tax deduction on eligible business equipment costing less than $20,000 per asset.

Not just for gyms. Warehouses, offices, hotels, clinics, factories, sporting clubs, staff wellness areas and other businesses may also be eligible when equipment is used for business purposes.

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Tax deduction, not a cash rebate. Business use and eligibility rules apply. Speak with your accountant.

What Does It Mean?

The Instant Asset Write-Off may allow eligible small businesses to immediately deduct the business-use portion of eligible assets instead of depreciating them over a number of years.

Important: This is a tax deduction, not a cash rebate. It does not mean you get $20,000 back in cash. Your actual benefit depends on your business structure, profit, tax rate, GST treatment and eligibility.
$20,000 Less than $20,000 per eligible asset
Per Asset Multiple eligible assets may qualify
Business Use Equipment must be used for business purposes
ATO Rules Confirm eligibility before purchasing

You Don’t Have To Be a Fitness Business

Many different businesses purchase fitness equipment for staff wellness areas, customers, members, guests, rehabilitation rooms or training facilities.

Warehouses and distribution centres
Offices and corporate workplaces
Hotels and accommodation providers
Factories and industrial businesses
Clinics and allied health businesses
Schools and education providers
Sporting clubs and training facilities
Gyms, PT studios and fitness centres

Equipment Businesses May Consider

Strength Equipment

Functional trainers, cable machines, smith machines, racks, benches, leg machines and commercial gym equipment.

Cardio Equipment

Treadmills, exercise bikes, spin bikes, ellipticals, rowing machines and cardio equipment for business use.

Weights & Storage

Dumbbells, weight plates, barbells, bumper plates, racks, storage and complete free-weight setups.

Why Buy Before EOFY?

Upgrade old or worn equipment
Improve your staff wellness area
Add value to your business premises
Prepare for the new financial year
Improve customer, member or guest facilities
Potentially reduce taxable income if eligible

Check the Official ATO Information

Tax rules can change, and eligibility depends on your business circumstances. For the most up-to-date information, please check the official Australian Taxation Office website.

View ATO Instant Asset Write-Off Information

Frequently Asked Questions

Is this a $20,000 rebate?

No. It is a tax deduction, not a cash rebate. It may reduce your taxable business income if your business and the asset are eligible.

Do I need to own a gym to claim it?

No. The deduction is not limited to gyms. Other eligible Australian businesses may also be able to claim eligible equipment used for business purposes.

Can I claim multiple items?

The threshold generally applies per eligible asset, so multiple assets may qualify if each asset meets the ATO rules.

Should I ask my accountant first?

Yes. World Fitness Australia does not provide tax advice. Please speak with your accountant or tax adviser before purchasing based on tax benefits.

Ready To Upgrade Your Business?

Whether you run a warehouse, office, hotel, clinic, club, gym or training facility, EOFY may be the right time to invest in business fitness equipment.

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Tax Disclaimer: This information is general only and should not be taken as financial, accounting or tax advice. Eligibility for the $20,000 Instant Asset Write-Off depends on your business circumstances, the asset purchased, business use, timing and ATO rules. World Fitness Australia does not provide tax advice. Please speak with your accountant, tax adviser or the Australian Taxation Office before making a purchase decision based on tax benefits.