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$150K Instant Asset Write-off

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!

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.

Is your business eligible to benefit? Eligible businesses should consult their tax or financial professional to understand how their business could benefit from this.

Instant Asset Write-Off Info Sheet

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.

Are you eligible to take advantage?

Timing:

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.

When does this increased program commence?

Eligible Inventory:

2020 Mitsubishi ASX ES XD MY20

2020 Mitsubishi ASX ES XD MY20

Type New Vehicle
Transmission Constant Variable
Kilometres 0
VIN JMFXTGA2WLU005824
Stock # MI4471
$27,990 Drive Away

VIEW CAR

2020 Mitsubishi ASX LS XD MY20

2020 Mitsubishi ASX LS XD MY20

Type New Vehicle
Transmission Constant Variable
Kilometres 0
VIN JMFXTGA2WLU005715
Stock # MI4469
$30,490 Drive Away
VIEW CAR
2020 MITSUBISHI ASX LS XD MY20

2020 MITSUBISHI ASX LS XD MY20

Type New Vehicle
Transmission Constant Variable
Kilometres 0
VIN JMFXTGA2WLU001621
Stock # MI4161
$30,990 Drive Away
VIEW CAR
2020 MITSUBISHI ASX LS XD MY20

2020 MITSUBISHI ASX LS XD MY20

Type New Vehicle
Transmission Constant Variable
Kilometres 0
VIN JMFXTGA2WLU001503
Stock # MI4162
$30,990 Drive Away
VIEW CAR
2020 MITSUBISHI ASX LS XD MY20

2020 MITSUBISHI ASX LS XD MY20

Type New Vehicle
Transmission Constant Variable
Kilometres 0
VIN JMFXTGA2WLU002569
Stock # MI4210
$30,990 Drive Away
VIEW CAR
2020 MITSUBISHI ASX LS XD MY20

2020 MITSUBISHI ASX LS XD MY20

Type New Vehicle
Transmission Constant Variable
Kilometres 0
VIN JMFXTGA2WLU003037
Stock # MI4329
$30,990 Drive Away
VIEW CAR
Address
41 Lonsdale Street, Dandenong, Melbourne, VIC 3175
Phone
(03) 9771 9400

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