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

The Instant Asset Write-Off

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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!

Eligiblity:

Eligibility

Are you eligible to take advantage?

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:

Eligibility

When does this increased program commence?

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:

2019  Suzuki Ignis (Pure White Pearl) New Thumbnail

2019 Suzuki Ignis

Type
New Vehicle
Kilometres
8
VIN
JSAMFH11S00229284
Stock #
Z229284

$17,990

Drive Away

2019  Suzuki Ignis (Mineral Grey) Demo Thumbnail

2019 Suzuki Ignis

Type
Demo
Kilometres
6
VIN
JSAMFH11S00229290
Stock #
Z229290

$16,990

Drive Away

2019  Suzuki Vitara (White Pearl) New Thumbnail

2019 Suzuki Vitara

Type
New Vehicle
Kilometres
8
VIN
TSMLYDA1S00738674
Stock #
Z738674

$31,990

Drive Away

2012  Holden Colorado Dx 4x2 Cab Chassis (White) Used Thumbnail

2012 Holden Colorado Dx 4x2

Type
Used Vehicle
Transmission
Manual
Kilometres
103,542
VIN
MMU143AG0DH613123
Stock #
U176843

$14,990

Drive Away

2015  Kia Cerato S Premium Hatchback (White) Used Thumbnail

2015 Kia Cerato S Premium

Type
Used Vehicle
Transmission
Sports Automatic
Kilometres
70,296
VIN
KNAFK516MF5386702
Stock #
U177157

$14,990

Drive Away

2018  Holden Equinox Ls+ Fwd Wagon (Blue) Used Thumbnail

2018 Holden Equinox Ls+ Fwd

Type
Used Vehicle
Transmission
Sports Automatic
Kilometres
32,325
VIN
3G0AX7EV4JS632617
Stock #
U177028

$18,990

Drive Away

2019  Suzuki Baleno (Arctic White) New Thumbnail

2019 Suzuki Baleno

Type
New Vehicle
Kilometres
15
VIN
MBHEWB52S00389468
Stock #
Z389468

$18,490

Drive Away

2013  Mitsubishi Lancer Es Sedan (Silver, Chrome) Used Thumbnail

2013 Mitsubishi Lancer Es

Type
Used Vehicle
Transmission
Constant Variable
Kilometres
126,062
VIN
JMFSTCY4AEU003906
Stock #
U177061

$9,990

Drive Away

2013  Holden Calais V Sedan (White) Used Thumbnail

2013 Holden Calais V

Type
Used Vehicle
Transmission
Sports Automatic
Kilometres
143,996
VIN
6G1FJ5E32EL909026
Stock #
U175908

$18,490

Drive Away

2016  Mazda 6 Gt Skyactiv-drive Sedan (Blue) Used Thumbnail

2016 Mazda 6 Gt Skyactiv-drive

Type
Used Vehicle
Transmission
Sports Automatic
Kilometres
112,463
VIN
JM0GJ103200242551
Stock #
U176840

$21,990

Drive Away

2018  Holden Colorado Z71 Pickup Crew Cab Utility (Grey) Used Thumbnail

2018 Holden Colorado Z71 Pickup Crew Cab

Type
Used Vehicle
Transmission
Sports Automatic
Kilometres
47,159
VIN
MMU148PK0JH637846
Stock #
U176647

$41,990

Drive Away

2014  Mitsubishi Outlander Es 2wd Wagon (Silver) Used Thumbnail

2014 Mitsubishi Outlander Es 2wd

Type
Used Vehicle
Transmission
Constant Variable
Kilometres
159,692
VIN
JMFXTGF7WEZ004508
Stock #
U176063

$12,990

Drive Away