Can I claim a deduction for tools and equipment in Australia?

Yes, you can claim the cost of tools and equipment you use for your business. - **Cost $300 or less:** Immediate deduction for the business-use portion. - **Cost more than $300:** You must depreciate the asset over its effective life. If you are a tradie, this includes everything from power tools and ladders to specialized diagnostic equipment. If you use the tools for both work and private projects (like fixing your own house), you must apportion the deduction. Keep a record of your purchases (receipts/invoices) and, if possible, take photos of high-value tools for insurance and proof of ownership.

• Full deduction if under $300
• Depreciation required for items over $300
• Small Business Instant Asset Write-off may apply (check current limit)
• Apportion for private use
• Includes protective cases and accessories