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In response to the COVID-19 crisis, the Australian Government has increased the Instant Asset Tax Write-off to $150,000. Is your business eligible to benefit? Talk to us today!

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In March 2020 the Australian Government increased the Instant Asset Write-Off (IAWO) threshold to help small & medium business owners weather the COVID-19 crisis.

The threshold has now been raised from $30,000 to $150,000 providing cash flow benefits for businesses that will be able to immediately deduct purchases of eligible assets each costing less than $150,000.

The threshold applies on a per asset basis, so eligible businesses can immediately write‑off multiple assets. The IAWO is due to revert to $1,000 for small businesses (turnover less than $10 million) from 1 July 2020.

In your business eligible to benefit? Find out by speaking one of our experienced team members today!

Eligibility:

Are you eligible to take advantage?

Eligibility

Well the good news is that the Australian Government is expanding access so that more businesses can take advantage of the Instant Asset Write-off.

To qualify the annual turnover threshold for businesses is now increasing from $50 million to $500 million. Expanding the threshold will mean an additional 5,300 businesses who employ around 1.9 million Australians will be able to access the Instant Asset Write-off for the first time.

Timing:

When does this increased program commence?

Timing

This new Instant Asset Write-off proposal kicks off on 12 March 2020 and will run until 30 June 2020. It applies for new or second‑hand assets first used in this timeframe. 

Seek independent advice from your accoutant.

We advise all customers to speak to their accountant and seek professional advice before making a purchase decision.

Further Information

For more information regarding the Instant Asset Write-off program and other stimulus package supporting Asstralian Businesses please visit business.gov.au.

Eligible Inventory:

2016  Mercedes-benz Glc-class Glc250 Wagon (White) Used Car Thumbnail

2016 Mercedes-benz Glc-class Glc250

Type
Used Vehicle
Transmission
Sports Automatic
Kilometres
45,625
Stock #
U176339

$45,990

Drive Away

2018  Nissan Qashqai St Wagon (White) Used Car Thumbnail

2018 Nissan Qashqai St

Type
Used Vehicle
Transmission
Constantly Variable Transmission
Kilometres
30,660
Stock #
U177050

$21,490

Drive Away

2014  Holden Cruze Equipe Hatchback (Grey) Used Car Thumbnail

2014 Holden Cruze Equipe

Type
Used Vehicle
Transmission
Sports Automatic
Kilometres
105,482
Stock #
U177130

$10,990

Drive Away

2019  Nissan Leaf Hatchback (Grey) New Car Thumbnail

2019 Nissan Leaf

Type
New Vehicle
Transmission
Reduction Gear
Stock #
2555551

$51,980

Drive Away

2017  Nissan Navara Sl Utility (White) Used Car Thumbnail

2017 Nissan Navara Sl

Type
Used Vehicle
Transmission
Sports Automatic
Kilometres
43,318
Stock #
U177347

$34,990

Drive Away

2020  Nissan X-trail St Wagon (White) New Car Thumbnail

2020 Nissan X-trail St

Type
New Vehicle
Transmission
Constantly Variable Transmission
Stock #
2602567

$32,880

Drive Away

2014  Land Rover Discovery Tdv6 Wagon (Red) Used Car Thumbnail

2014 Land Rover Discovery Tdv6

Type
Used Vehicle
Transmission
Sports Automatic
Kilometres
98,500
Stock #
U177499

$40,990

Drive Away

2019  Nissan Navara St Utility (Silver) New Car Thumbnail

2019 Nissan Navara St

Type
New Vehicle
Transmission
Sports Automatic
Stock #
2572837

$40,980

Drive Away

2019  Nissan Qashqai Ti Wagon (White) Demo Car Thumbnail

2019 Nissan Qashqai Ti

Type
Demo
Transmission
Constantly Variable Transmission
Kilometres
1,007
Stock #
2564389

$37,390

Drive Away

2019  Bmw X5 Xdrive30d Wagon (Black) Used Car Thumbnail

2019 Bmw X5 Xdrive30d

Type
Used Vehicle
Transmission
Sports Automatic
Kilometres
10,540
Stock #
U177644

$89,989

Drive Away

2020  Nissan Navara N-trek Utility (Grey) New Car Thumbnail

2020 Nissan Navara N-trek

Type
New Vehicle
Transmission
Sports Automatic
Stock #
2609868

Please Call

2015  Holden Commodore Evoke Sedan (Silver) Used Car Thumbnail

2015 Holden Commodore Evoke

Type
Used Vehicle
Transmission
Sports Automatic
Kilometres
107,083
Stock #
U177200

$14,990

Drive Away


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