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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:

2015  Subaru Xv 2.0i Lineartronic Awd Wagon (Grey) Used Thumbnail

2015 Subaru Xv 2.0i Lineartronic Awd

Type
Used Vehicle
Transmission
Constant Variable
Kilometres
76,605
VIN
JF1GP7KC5EG063624
Stock #
U175940

$19,990

Drive Away

2014  Mazda Bt-50 Xt Utility (Black) Used Thumbnail

2014 Mazda Bt-50 Xt

Type
Used Vehicle
Transmission
Sports Automatic
Kilometres
30,936
VIN
MM0UP0YF100240541
Stock #
U176108

$28,990

Drive Away

2013  Mercedes-benz C-class C250 Cdi 7g-tronic Coupe (Silver, Chrome) Used Thumbnail

2013 Mercedes-benz C-class C250 Cdi 7g-tronic

Type
Used Vehicle
Transmission
Sports Automatic
Kilometres
107,921
VIN
WDD2043032G103833
Stock #
U175901

$19,990

Drive Away

2009  Hyundai I30 Sr Hatchback (White) Used Thumbnail

2009 Hyundai I30 Sr

Type
Used Vehicle
Transmission
Manual
Kilometres
148,835
VIN
KMHDC51ER9U166085
Stock #
U176404

$6,990

Drive Away

2008  Alfa Romeo Gt Jts Coupe (Red) Used Thumbnail

2008 Alfa Romeo Gt Jts

Type
Used Vehicle
Transmission
Manual
Kilometres
58,599
VIN
ZAR93700005261720
Stock #
U177090

$9,990

Drive Away

2005  Toyota Hilux Sr Utility (White) Used Thumbnail

2005 Toyota Hilux Sr

Type
Used Vehicle
Transmission
Manual
Kilometres
363,430
VIN
MR0FZ22G001005216
Stock #
U177124

$15,990

Drive Away

2015  Holden Colorado Z71 Crew Cab Utility (Orange Rock) Used Thumbnail

2015 Holden Colorado Z71 Crew Cab

Type
Used Vehicle
Transmission
Sports Automatic
Kilometres
114,043
VIN
MMU148PK0GH604715
Stock #
U175761

$34,990

Drive Away

2008  Toyota Corolla Ascent Sedan (Red) Used Thumbnail

2008 Toyota Corolla Ascent

Type
Used Vehicle
Transmission
Automatic
Kilometres
181,218
VIN
JTNBU52E50J026182
Stock #
U175703

$5,990

Drive Away

2016  Subaru Outback 3.6r Cvt Awd Wagon (Dark Grey) Used Thumbnail

2016 Subaru Outback 3.6r Cvt Awd

Type
Used Vehicle
Transmission
Constant Variable
Kilometres
86,000
VIN
JF2BSFKC2HG058590
Stock #
U176542

$29,990

Drive Away

2012  Mazda 6 Wagon (Grey) Used Thumbnail

2012 Mazda 6

Type
Used Vehicle
Transmission
Manual
Kilometres
159,775
VIN
JM0GH102200228897
Stock #
U177055

$12,990

Drive Away

2018  Holden Equinox Lt Fwd Wagon (Silver) Used Thumbnail

2018 Holden Equinox Lt Fwd

Type
Used Vehicle
Transmission
Sports Automatic
Kilometres
69,000
VIN
3G0AX7E88JS619623
Stock #
U176153

$23,990

Drive Away

2015  Hyundai Iload Van (White) Used Thumbnail

2015 Hyundai Iload

Type
Used Vehicle
Transmission
Automatic
Kilometres
98,791
VIN
KMFWBX7KMGU784723
Stock #
U176961

$24,990

Drive Away