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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 (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 (X42) 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 (U25) New Thumbnail

2019 Mitsubishi Outlander Ls 2wd

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

$34,830

Drive Away

2019  Mitsubishi Asx Ls 2wd Wagon (W13) Demo Thumbnail

2019 Mitsubishi Asx Ls 2wd

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

$28,777

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

2013  Nissan Pathfinder St X-tronic 2wd Wagon (Red) Used Thumbnail

2013 Nissan Pathfinder St X-tronic 2wd

Type
Used Vehicle
Transmission
Constant Variable
Kilometres
104,346
VIN
5N1AR2MN8EC626179
Stock #
U177434

$17,990

Drive Away

2015  Mitsubishi Pajero Sport Gls Wagon (Bronze) Used Thumbnail

2015 Mitsubishi Pajero Sport Gls

Type
Used Vehicle
Transmission
Sports Automatic
Kilometres
90,418
VIN
MMAGUKS10GH001515
Stock #
U177739

$31,990

Drive Away

2019  Mitsubishi Outlander Ls 2wd Wagon (W13) New Thumbnail

2019 Mitsubishi Outlander Ls 2wd

Type
New Vehicle
Transmission
Constant Variable
Kilometres
10
VIN
JMFXTGF8WLZ006307
Stock #
ZL006307

$34,830

Drive Away

2019  Mitsubishi Outlander Ls 2wd Wagon (X42) New Thumbnail

2019 Mitsubishi Outlander Ls 2wd

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

$33,990

Drive Away

2020  Mitsubishi Triton Glx-r Double Cab Utility (D23) New Thumbnail

2020 Mitsubishi Triton Glx-r Double Cab

Type
New Vehicle
Transmission
Sports Automatic
Kilometres
10
VIN
MMAJLKL10LH012004
Stock #
MR012004

$41,888

Drive Away

2019  Mitsubishi Eclipse Cross Ls 2wd Wagon (U25) Demo Thumbnail

2019 Mitsubishi Eclipse Cross Ls 2wd

Type
Demo
Transmission
Constant Variable
Kilometres
10
VIN
JMFXTGK1WLZ002403
Stock #
YA002403

$32,888

Drive Away

2020  Mitsubishi Triton Glx-r Double Cab Utility (White) New Thumbnail

2020 Mitsubishi Triton Glx-r Double Cab

Type
New Vehicle
Transmission
Sports Automatic
Kilometres
10
VIN
MMAJLKL10LH014666
Stock #
MR014666

$39,888

Drive Away


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Zupps Mt Gravatt Mitsubishi

Fleet

1332 Logan Road
Mt Gravatt, QLD 4122

Phone
07 3243 8888

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Department Trading Hours

Monday
9:00 AM - 5:00 PM
Tuesday
9:00 AM - 5:00 PM
Wednesday
9:00 AM - 5:00 PM
Thursday
9:00 AM - 5:00 PM
Friday
9:00 AM - 5:00 PM
Saturday
8:30 AM - 4:30 PM
Sunday
Closed