Tax Savings Write Offs · Koste Knowledge Base

Can I claim assets under $300 immediately?

Published 26 June 2026 · Last updated 26 June 2026

Quick Answer

You may be able to claim some rental property assets costing $300 or less immediately, but only if the ATO conditions are met. The asset must be used for income-producing purposes and may need to be apportioned if there is private use.

The $300 immediate deduction rule is commonly misunderstood.

It may apply to certain depreciating assets where:

The asset cost is $300 or less
The asset is used to produce assessable income
It is not part of a set costing more than $300
It is not one of multiple identical or substantially identical items that together cost more than $300
The asset is not used mainly for private purposes

Examples may include:

Small appliances
Minor replacement items
Low-cost furniture
Small equipment
Some rental property accessories

The rule does not mean every invoice under $300 is automatically deductible. Context matters.

Koste.ai can help investors record asset purchases and provide the information to their accountant.

Frequently Asked Questions

Is every item under $300 immediately deductible?

No. The ATO conditions must be met.

What if I buy multiple similar items?

Multiple similar items may be treated differently if they are substantially identical or part of a set.

Do I need receipts?

Yes. Keep receipts and details of how the asset is used.

Does private use matter?

Yes. Private use may require apportionment.

Can Koste.ai help track small assets?

Yes. Koste.ai can help keep asset details organised for accountant review.

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Written by Koste Team · Koste Chartered Quantity Surveyors · AIQS Member · RICS Member · TPB Registered · 1300 669 400 · info@koste.ai