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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:

2016  Subaru Outback 3.6R CVT AWD Wagon (Dark Grey) Used Car 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

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

2015 Holden Colorado Z71 Crew Cab

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

$34,990

Drive Away

2018  Subaru Outback 2.5i CVT AWD Premium Wagon (Red) Used Car Thumbnail

2018 Subaru Outback 2.5i CVT AWD Premium

Type
Used Vehicle
Transmission
Constant Variable
Kilometres
6,559
VIN
JF2BS9KC2JG115326
Stock #
U174840

$38,990

Drive Away

2008  Alfa Romeo GT JTS Coupe (Red) Used Car Thumbnail

2008 Alfa Romeo GT JTS

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

$9,990

Drive Away

2018  Volkswagen Passat 132TSI DSG Comfortline Wagon (Blue) Used Car Thumbnail

2018 Volkswagen Passat 132TSI DSG Comfortline

Type
Used Vehicle
Transmission
Sports Automatic Dual Clutch
Kilometres
46,910
VIN
WVWZZZ3CZJE241072
Stock #
U176814

$29,990

Drive Away

2019  Subaru Levorg 2.0 STI Sport CVT AWD Wagon (White) Used Car Thumbnail

2019 Subaru Levorg 2.0 STI Sport CVT AWD

Type
Used Vehicle
Transmission
Constant Variable
Kilometres
2,410
VIN
JF1VMGK85LG015136
Stock #
U176598

$49,990

Drive Away

2019  Subaru BRZ Premium Coupe (1x) New Car Thumbnail

2019 Subaru BRZ Premium

Type
New Vehicle
Transmission
Sports Automatic
VIN
JF1ZC6K72LG025418
Stock #
X025418

$42,140

Drive Away

2010  Ford Falcon XR6 Ute Super Cab Utility (Nitro) Used Car Thumbnail

2010 Ford Falcon XR6 Ute Super Cab

Type
Used Vehicle
Transmission
Sports Automatic
Kilometres
79,000
VIN
6FPAAAJGCMAR56442
Stock #
U177737

$13,990

Drive Away

2017  Subaru XV 2.0i-L Lineartronic AWD Wagon (Orange) Used Car Thumbnail

2017 Subaru XV 2.0i-L Lineartronic AWD

Type
Used Vehicle
Transmission
Constant Variable
Kilometres
48,256
VIN
JF1GT7KL5JG016613
Stock #
U177740

$25,490

Drive Away

2015  Volkswagen Golf 110TDI DSG Highline Hatchback (White) Used Car Thumbnail

2015 Volkswagen Golf 110TDI DSG Highline

Type
Used Vehicle
Transmission
Sports Automatic Dual Clutch
Kilometres
64,909
VIN
WVWZZZAUZFW354088
Stock #
U177146

$18,990

Drive Away

2010  Volkswagen Tiguan 147TSI DSG 4MOTION Wagon (White) Used Car Thumbnail

2010 Volkswagen Tiguan 147TSI DSG 4MOTION

Type
Used Vehicle
Transmission
Sports Automatic Dual Clutch
Kilometres
115,786
VIN
WVGZZZ5NZBW037751
Stock #
U177667

$10,490

Drive Away

2018  Subaru WRX Premium AWD Sedan (7x) Demo Car Thumbnail

2018 Subaru WRX Premium AWD

Type
Demo
Transmission
Manual
Kilometres
1,812
VIN
JF1VAGK63KG024988
Stock #
X024988A

$45,888

Drive Away


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Zupps Mt Gravatt Subaru

Fleet

1300 Logan Road
Mt Gravatt, QLD 4122

Phone
07 3404 8800
Manager
Gavin Mann

View Location Map & Get Directions

Department Trading Hours

Monday
Appointment Only
Tuesday
Appointment Only
Wednesday
10:00 AM - 4:00 PM
Thursday
10:00 AM - 4:00 PM
Friday
10:00 AM - 4:00 PM
Saturday
Closed
Sunday
Closed
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