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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  Mitsubishi Eclipse Cross Ls 2wd Wagon (Red Diamond) New Thumbnail

2019 Mitsubishi Eclipse Cross Ls 2wd

Type
New Vehicle
Transmission
Constant Variable
Kilometres
34
VIN
JMFXTGK1WLZ003001
Stock #
YA003001

$32,888

Drive Away

2019  Mitsubishi Eclipse Cross Ls 2wd Wagon (Lightning Blue) Demo Thumbnail

2019 Mitsubishi Eclipse Cross Ls 2wd

Type
Demo
Transmission
Constant Variable
Kilometres
1,500
VIN
JMFXTGK1WLZ002461
Stock #
YA002461

$32,888

Drive Away

2019  Mitsubishi Eclipse Cross Black Edition 2wd Wagon (Black) Demo Thumbnail

2019 Mitsubishi Eclipse Cross Black Edition 2wd

Type
Demo
Transmission
Constant Variable
Kilometres
10
VIN
JMFXTGK1WLZ002689
Stock #
YA002689

$32,790

Drive Away

2019  Mitsubishi Outlander Ls 2wd Wagon (Sterling Silver) New Thumbnail

2019 Mitsubishi Outlander Ls 2wd

Type
New Vehicle
Transmission
Constant Variable
Kilometres
10
VIN
JMFXTGF8WLZ006378
Stock #
ZL006378

$34,888

Drive Away

2019  Mitsubishi Asx Ls 2wd Wagon (Starlight) Demo Thumbnail

2019 Mitsubishi Asx Ls 2wd

Type
Demo
Transmission
Constant Variable
Kilometres
1,600
VIN
JMFXTGA2WLU001511
Stock #
XD001511

$29,777

Drive Away

2018  Mitsubishi Triton Glx Cab Chassis (White) Demo Thumbnail

2018 Mitsubishi Triton Glx

Type
Demo
Transmission
Manual
Kilometres
160
VIN
MMAYJKL10KH000599
Stock #
MR000599

$38,888

Drive Away

2019  Mitsubishi Triton Gls Double Cab Premium Utility (White) Demo Thumbnail

2019 Mitsubishi Triton Gls Double Cab Premium

Type
Demo
Transmission
Sports Automatic
Kilometres
10
VIN
MMAJLKL10LH011198
Stock #
MR011198

$48,888

Drive Away

2015  Jeep Grand Cherokee Laredo Wagon (White) Used Thumbnail

2015 Jeep Grand Cherokee Laredo

Type
Used Vehicle
Transmission
Sports Automatic
Kilometres
81,600
VIN
1C4RJFEM0FC728671
Stock #
U175876

$24,999

Drive Away

2019  Mitsubishi Triton Gls Double Cab Utility (White) New Thumbnail

2019 Mitsubishi Triton Gls Double Cab

Type
New Vehicle
Transmission
Sports Automatic
Kilometres
10
VIN
MMAJLKL10LH010160
Stock #
MR010160

$44,888

Drive Away

2018  Suzuki Swift Gl Navigator Hatchback (White) Used Thumbnail

2018 Suzuki Swift Gl Navigator

Type
Used Vehicle
Transmission
Constant Variable
Kilometres
42,230
VIN
JSAAZC83S00200890
Stock #
U176926

$14,695

Drive Away

2019  Mitsubishi Triton Glx Double Cab Utility (White) Demo Thumbnail

2019 Mitsubishi Triton Glx Double Cab

Type
Demo
Transmission
Sports Automatic
Kilometres
23
VIN
MMAJLKL10KH008788
Stock #
MR008788

$33,990

Drive Away

2019  Mitsubishi Outlander Ls 2wd Wagon (Black) New Thumbnail

2019 Mitsubishi Outlander Ls 2wd

Type
New Vehicle
Transmission
Constant Variable
Kilometres
10
VIN
JMFXTGF8WLJ002708
Stock #
ZL002708

$34,888

Drive Away