There are so many reasons to upgrade and expand the diagnostic imaging capability of your vet practice
✓ Higher quality images for more accurate diagnosis in less time!
✓ Improved equipment features deliver many benefits and improve productivity in your team
✓ Boost morale, retain current staff and attract more to your team.
✓ Demonstrate your commitment to excellence to all your clients
✓ Improve existing revenue streams
Tax concessions are available to make this investment in your practice more affordable. Saving on tax increases profitability and gives you the opportunity to streamline your business by paying down loans or investing in equipment, staff, marketing and education. Don’t miss out!
What tax concessions are available for 2025?
FY2025 tax concessions are available for equipment delivered and installed on or before 30 June 2025.
✓ Items can be new or second-hand.
✓ Payment can be either cash or via a finance agreement.
Depending on the value of your equipment you may be eligible for:
1. Instant Asset Tax Write-Off
✓ Equipment costing less than $20,000 is 100% tax deductible in the 2025 financial year.
✓ The limit is <$20,000 per individual item of equipment, with each item being independent of other items bought.
✓ There is no overall total limit.
Example:
| Item | Cost | 100% Tax Deductible In 2025 Tax Year |
| X Ray Unit | $15,000 | Yes |
| Ultrasound | $19,999 | Yes |
2. Depreciation
For goods costing $20,000 or more, standard depreciation rules apply. Depreciation is calculated on a pro rata basis, other than Simplified Depreciation (which is not date or time related).
Case Study
Veterinarian Andrew wanted to buy and finance imaging equipment costing $94,000 on 1 June 2025.
With limited understanding of the instant asset write-off and depreciation rules, Andrew believed he would not get any significant tax benefits this year. After reviewing his quotation, the individual pieces of equipment were separately priced on one tax invoice.
Andrew expected a tax deduction of only $14,100 in 2025. With proper invoicing and a breakup of the cost of goods, Andrew’s tax deduction for the 2025 financial year increased to $51,500.
| Goods Financed | Cost ex GST | 2025 Tax Deduction | Depreciation |
| – DR Acquisition System | $50,000 | $ 7,500 | Simplified Depreciation 2025 |
| – Portable X Ray Unit | $15,000 | $15,000 | Instant Asset Write Off |
| – X Ray Table | $10,000 | $10,000 | Instant Asset Write Off |
| – Ultrasound | $19,000 | $19,000 | Instant Asset Write Off |
| Total | $94,000 | $51,500 Tax Deduction 2025 | |
From 1 July 2025
The Instant Asset Write Off expires midnight 30 June 2025
All future purchases of capital items (equipment, cars, etc) fall under ATO depreciation guidelines.
Get your order in now!
For diagnostic imaging options, advice and prices, call or email us:
For financing options contact of John Rowe of Vet Finance on 0414 187 728 or finance@vetfinance.com.au.
Notes:
1. All figures are exclusive of GST. GST plays no part in the instant asset write off or depreciation.
2. The above examples are provided as general information only. It is important you consult your accountant about the benefits of depreciation and the methodology they are likely to use.
3. Simplified depreciation based on 15% year 1, 30% thereafter
4. Goods must be ordered and delivered on or before 30 June 2025 to benefit from depreciation and the instant asset write off.
5. From 1 July 2025, the Instant Asset Write Off expires, all future purchases of capital items (equipment, cars, etc), fall under ATO depreciation guidelines.