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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:

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

2017  Peugeot 3008 Allure SUV Hatchback (Artense Grey) Used Car Thumbnail

2017 Peugeot 3008 Allure SUV

Type
Used Vehicle
Transmission
Sports Automatic
Kilometres
14,111
VIN
VF3M45GYWHS208411
Stock #
U175725

$32,990

Drive Away

2013  Mercedes-Benz C-Class C250 CDI 7G-Tronic Coupe (Silver, Chrome) Used Car Thumbnail

2013 Mercedes-Benz C-Class C250 CDI 7G-Tronic

Type
Used Vehicle
Transmission
Sports Automatic
Kilometres
107,921
VIN
WDD2043032G103833
Stock #
U175901

$19,990

Drive Away

2012  Holden Commodore SS V Sedan (Black) Used Car Thumbnail

2012 Holden Commodore SS V

Type
Used Vehicle
Transmission
Manual
Kilometres
159,198
VIN
6G1EP5E2XCL639493
Stock #
U177294

$21,990

Drive Away

2018  Peugeot 5008 Allure Wagon (Green) Used Car Thumbnail

2018 Peugeot 5008 Allure

Type
Used Vehicle
Transmission
Automatic
Kilometres
11,267
VIN
VF3M45GYWJL024551
Stock #
U175264

$36,990

Drive Away

2018  Subaru WRX Premium AWD Sedan (WR Blue) Demo Car Thumbnail

2018 Subaru WRX Premium AWD

Type
Demo
Transmission
Manual
Kilometres
1,260
VIN
JF1VAGK63KG024988
Stock #
X024988A

$45,888

Drive Away

2016  Holden Colorado Z71 Pickup Crew Cab Utility (Summit White) Used Car Thumbnail

2016 Holden Colorado Z71 Pickup Crew Cab

Type
Used Vehicle
Transmission
Sports Automatic
Kilometres
97,270
VIN
MMU148PK0HH635819
Stock #
U175762

$36,990

Drive Away

2019  Subaru Impreza 2.0i-S CVT AWD Hatchback (Dark Blue Pearlescent) Demo Car Thumbnail

2019 Subaru Impreza 2.0i-S CVT AWD

Type
Demo
Transmission
Constant Variable
VIN
JF1GT7KL5KG076331
Stock #
X076331

$34,570

Drive Away

2008  Subaru Forester X AWD Wagon (Silver, Chrome) Used Car Thumbnail

2008 Subaru Forester X AWD

Type
Used Vehicle
Transmission
Manual
Kilometres
165,793
VIN
JF2SH9KK49G006241
Stock #
U176988

$8,990

Drive Away

2019  Subaru Forester 2.5i-S CVT AWD Wagon (Sepia Bronze) Demo Car Thumbnail

2019 Subaru Forester 2.5i-S CVT AWD

Type
Demo
Transmission
Constant Variable
Kilometres
10
VIN
JF2SK9KL5LG034091
Stock #
X034091A

$43,990

Drive Away

2019  Subaru BRZ Premium Coupe (Crystal White Pearl) New Car Thumbnail

2019 Subaru BRZ Premium

Type
New Vehicle
Transmission
Sports Automatic
Kilometres
8
VIN
JF1ZC6K72LG025418
Stock #
X025418

$42,140

Drive Away