EOFY tax timing
EOFY Printer Lease and Tax Deduction Guide for Australian Businesses
Operating-lease printer payments are generally fully deductible as a business expense in the financial year they are paid. If you are buying or replacing a printer this EOFY, the lease structure usually beats a capital purchase on cash flow and deduction timing.
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Quick formFor Australian businesses considering a printer purchase or lease before 30 June, an operating-lease structure typically allows the monthly lease payment to be fully deductible as a business expense in the year paid (consult your tax adviser for your specific circumstances), with leases starting from $189/month ex GST on a 36 to 60 month term, with maintenance, genuine consumables, and remote diagnostics included for the contract term.
Why act now
- Lease payments made before 30 June fall in the current financial year for deduction purposes.
- Device delivery and signed lease need 4 to 6 weeks lead time — start the conversation in May.
- Locking in a lease at this year’s pricing removes the risk of mid-year price changes affecting next year.
Lease vs capital purchase: tax treatment at a glance
Operating lease: monthly payments are generally treated as a fully deductible business expense in the year paid. Cash flow impact is spread over the term.
Capital purchase: deduction is normally claimed via depreciation over the device useful life under the capital allowance rules (Section 40 of the Income Tax Assessment Act 1997). Faster write-off may be available under instant asset write-off rules where eligible — check the current threshold and your business turnover with your tax adviser.
GST is claimed on lease payments as they are paid (assuming the business is GST-registered). On capital purchase, GST is claimed up-front.
Why time the decision before 30 June
Lease payments made before 30 June fall in the current financial year for deduction purposes.
Device delivery and signed lease typically need to be completed in time for the first payment to fall in this financial year — leave 4 to 6 weeks lead time.
Capital write-off thresholds change between financial years. Locking in before 30 June removes the uncertainty.
Important caveats
This guide is general information only. Every business has different turnover, structure, and tax circumstances. Talk to your accountant or tax adviser before deciding.
Operating lease vs finance lease vs hire purchase have different tax treatments. The leases LeasemyPrinter offers are typically operating leases — confirm in writing with your finance company.
The instant asset write-off threshold and eligibility rules are set by the ATO and change between financial years. Check the current threshold at ato.gov.au.
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Frequently asked questions
- Is a printer lease tax deductible in Australia?
- Operating-lease printer payments are generally treated as a fully deductible business expense in the year paid. Confirm the specifics with your accountant or tax adviser based on your business turnover, structure, and tax circumstances.
- What is the instant asset write-off threshold this year?
- The instant asset write-off threshold and eligibility rules are set by the ATO and change between financial years. Check the current threshold at ato.gov.au and discuss eligibility with your tax adviser before relying on it.
- Lease vs buy: which is better for tax?
- Both have valid use cases. Lease usually wins on cash flow (spread over the term, no up-front capital) and is simpler from a deduction standpoint. Capital purchase may win if eligible for instant asset write-off and you have available cash. Run both scenarios with your accountant on your actual numbers.
- What if I sign before 30 June but the device is delivered after?
- The lease payment timing follows the lease commencement date. Most operating leases start payments from the install / commencement date, not the signing date. Confirm with your finance company whether you can pre-pay a first month before 30 June if that is the goal.