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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:

2017  Ldv G10 Van (White) Used Thumbnail

2017 Ldv G10

Type
Used Vehicle
Transmission
Automatic
Kilometres
40,267
VIN
LSKG4GL19HA066871
Stock #
U177143

$19,990

Drive Away

2010  Subaru Forester X Awd Wagon (Silver, Chrome) Used Thumbnail

2010 Subaru Forester X Awd

Type
Used Vehicle
Transmission
Sports Automatic
Kilometres
112,810
VIN
JF2SH9KL5AG046995
Stock #
U177188

$12,990

Drive Away

2010  Audi A4 Multitronic Sedan (Grey) Used Thumbnail

2010 Audi A4 Multitronic

Type
Used Vehicle
Transmission
Constant Variable
Kilometres
110,825
VIN
WAUZZZ8K7BA038116
Stock #
U176633

$7,990

Drive Away

2020  Suzuki Baleno Glx Hatchback (Phoenix  Red) Demo Thumbnail

2020 Suzuki Baleno Glx

Type
Demo
Transmission
Automatic
Kilometres
23
VIN
MBHEWB52S00428029
Stock #
Z428029

$21,490

Drive Away

2020  Suzuki Swift (Speedy Blue) New Thumbnail

2020 Suzuki Swift

Type
New Vehicle
VIN
JSAAZC83S00314208
Stock #
Z314208

$19,690

Drive Away

2019  Holden Trailblazer Ltz Wagon (Silver) Used Thumbnail

2019 Holden Trailblazer Ltz

Type
Used Vehicle
Transmission
Sports Automatic
Kilometres
9,834
VIN
MMU156MK0LH609918
Stock #
U176444

$45,500

Drive Away

2020  Suzuki Vitara (Savanna Ivory & Cosmic Bl) New Thumbnail

2020 Suzuki Vitara

Type
New Vehicle
VIN
TSMLYD21S00758936
Stock #
Z758936

$26,690

Drive Away

2018  Holden Trax Ltz Wagon (Red) Used Thumbnail

2018 Holden Trax Ltz

Type
Used Vehicle
Transmission
Automatic
Kilometres
102,587
VIN
KL3BA7689JB666204
Stock #
U176603

$15,990

Drive Away

2015  Mitsubishi Triton Gls Double Cab Utility (Blue) Used Thumbnail

2015 Mitsubishi Triton Gls Double Cab

Type
Used Vehicle
Transmission
Sports Automatic
Kilometres
152,000
VIN
MMAJYKL10GH014885
Stock #
U176986

$25,990

Drive Away

2017  Holden Captiva Ltz Awd Wagon (Silver) Used Thumbnail

2017 Holden Captiva Ltz Awd

Type
Used Vehicle
Transmission
Sports Automatic
Kilometres
72,442
VIN
KL3CD2669JB020591
Stock #
U175851

$20,880

Drive Away

2019  Mitsubishi Pajero Sport Glx Wagon (Black) Used Thumbnail

2019 Mitsubishi Pajero Sport Glx

Type
Used Vehicle
Transmission
Sports Automatic
Kilometres
10
VIN
MMAGUKS10KH003744
Stock #
U176016

$45,990

Drive Away

2017  Holden Commodore Sv6 Sedan (White) Used Thumbnail

2017 Holden Commodore Sv6

Type
Used Vehicle
Transmission
Sports Automatic
Kilometres
82,996
VIN
6G1FB5E37HL333306
Stock #
U177233

$23,990

Drive Away