Depreciation Calculator

How much will I save with tax depreciation rules?

01. Your Company

Please select the relevant tax rate for your business.


02. The Equipment.

Work out the deduction you can claim from a depreciating asset for capital expenses such as Cattle Yards, Cattle Crushes or Sheep Handling Equipment.

Select a product category.

$20,000.00

Livestock Equipment under $20,000 +GST

Livestock Handling Equipment can be depreciated at 100% for purchases under $20,000 with the Instant Asset Write-Off. From 1 July 2026, the instant asset write‑off threshold is legislated to drop back to $1,000.

$80,000.00

Livestock Equipment over $20000+GST (more than $10M turn over)

Livestock Handling Equipment worth more than $20,000 can be depreciated at 10% using the Diminishing Value method. This example uses 10% depreciation rate however some items may qualify for more than 10% (consult with your accountant for more details).

$40,000.00

Livestock Equipment over $20000+GST (less than $10M turn over)

If your Turnover is under $10 million you have the option of pooling fixed assets under simplified depreciation rules which results in a flat 15% depreciation rate in the first year (irrespective of when you buy the asset), followed by 30% for each year after.

Enter the purchase price (excluding GST).

$

Enter the date of purchase.

Enter the date your financial year ends.

Instant asset write-off for eligible businesses

Eligible businesses can claim an immediate deduction for the business portion of the cost of an asset worth $20,000 or less in the year the asset is first used or installed ready for use. This depreciation option is only available for assets purchased between 1 July 2023 to 30 June 2026.

See more details about Instant Asset Write-off rules in Australia