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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

Main Text

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 Vitara 2wd Wagon (Dbf) Demo Car Thumbnail

2019 Suzuki Vitara 2wd

Type
Demo
Transmission
Sports Automatic
Kilometres
3,709
VIN
TSMLYD21S00711643
Stock #
Z711643

$23,990

Drive Away

2019  Suzuki Vitara Wagon (Znl) Demo Car Thumbnail

2019 Suzuki Vitara

Type
Demo
Kilometres
8
VIN
TSMLYDA1S00738674
Stock #
Z738674

$31,990

Drive Away

2015  Holden Commodore Sv6 Sportwagon Storm Wagon (Red) Used Car Thumbnail

2015 Holden Commodore Sv6 Sportwagon Storm

Type
Used Vehicle
Transmission
Sports Automatic
Kilometres
89,557
VIN
6G1FB8E38FL128642
Stock #
U177712

$19,990

Drive Away

2018  Holden Trax Ltz Wagon (Grey) Used Car Thumbnail

2018 Holden Trax Ltz

Type
Used Vehicle
Transmission
Automatic
Kilometres
90,791
VIN
KL3BA7689KB767890
Stock #
U177169

$17,990

Drive Away

2016  Toyota Hilux Sr5 Extra Cab Utility (Silver) Used Car Thumbnail

2016 Toyota Hilux Sr5 Extra Cab

Type
Used Vehicle
Transmission
Manual
Kilometres
45,458
VIN
MR0HA3CC800320398
Stock #
U176874

$41,490

Drive Away

2020  Suzuki Swift Hatchback (Zvr) Demo Car Thumbnail

2020 Suzuki Swift

Type
Demo
Kilometres
3
VIN
JSAAZC83S00312491
Stock #
Z312491

$18,990

Drive Away

2016  Isuzu Mu-x Ls-m Rev-tronic 4x2 Wagon (Silver) Used Car Thumbnail

2016 Isuzu Mu-x Ls-m Rev-tronic 4x2

Type
Used Vehicle
Transmission
Sports Automatic
Kilometres
145,831
VIN
MPAUCR85GGT006849
Stock #
U176067

$22,990

Drive Away

2015  Kia Sorento Sli Awd Wagon (Black) Used Car Thumbnail

2015 Kia Sorento Sli Awd

Type
Used Vehicle
Transmission
Sports Automatic
Kilometres
110,657
VIN
KNAPH81BSF5102924
Stock #
U177253

$24,990

Drive Away

2018  Holden Trax Ltz Wagon (White) Used Car Thumbnail

2018 Holden Trax Ltz

Type
Used Vehicle
Transmission
Automatic
Kilometres
88,743
VIN
KL3BA7689JB691606
Stock #
U177168

$17,990

Drive Away

2018  Holden Colorado Ls Crew Cab Cab Chassis (White) Used Car Thumbnail

2018 Holden Colorado Ls Crew Cab

Type
Used Vehicle
Transmission
Sports Automatic
Kilometres
14,241
VIN
MMU147DK0KH636713
Stock #
U177171

$35,990

Drive Away

2018  Isuzu D-max Sx Space Cab 4x2 High Ride Utility (White) Used Car Thumbnail

2018 Isuzu D-max Sx Space Cab 4x2 High Ride

Type
Used Vehicle
Transmission
Sports Automatic
Kilometres
38,000
VIN
MPATFR85JJT000685
Stock #
U177571

$31,990

Drive Away

2018  Holden Trax Ltz Wagon (White) Used Car Thumbnail

2018 Holden Trax Ltz

Type
Used Vehicle
Transmission
Automatic
Kilometres
93,139
VIN
KL3BA7689JB551088
Stock #
U177166

$15,750

Drive Away


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Zupps Browns Plains Suzuki

Fleet

34-48 Anzac Ave
Hillcrest, QLD 4118

Phone
07 3802 4000

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