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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

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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:

Timing

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.

Eligible Inventory:

2018  Holden Commodore Rs-v Liftback Awd Liftback (White) Used Car Thumbnail

2018 Holden Commodore Rs-v Liftback Awd

Type
Used Vehicle
Transmission
Sports Automatic
Kilometres
18,150
VIN
W0VZS6ED7J1092824
Stock #
U175612

$32,490

Drive Away

2019  Nissan X-trail St X-tronic 2wd Wagon (Silver) Used Car Thumbnail

2019 Nissan X-trail St X-tronic 2wd

Type
Used Vehicle
Transmission
Constant Variable
Kilometres
29,131
VIN
JN1TBNT32A0053090
Stock #
U177633

$25,108

Drive Away

2019  Hyundai Kona Highlander 2wd Wagon (P61) New Car Thumbnail

2019 Hyundai Kona Highlander 2wd

Type
New Vehicle
Transmission
Sports Automatic
Kilometres
13
VIN
KMHK581AMLU486225
Stock #
Y486225

$37,990

Drive Away

2012  Suzuki Swift Re2 Hatchback (Blue) Used Car Thumbnail

2012 Suzuki Swift Re2

Type
Used Vehicle
Transmission
Manual
Kilometres
118,342
VIN
JSAFZC82S00132367
Stock #
U177198

$9,990

Drive Away

2019  Hyundai Veloster Coupe (Mfr) New Car Thumbnail

2019 Hyundai Veloster

Type
New Vehicle
Kilometres
14
VIN
KMHTH61BVLU028078
Stock #
Y028078

$38,990

Drive Away

2019  Nissan X-trail St X-tronic 2wd Wagon (Red) Used Car Thumbnail

2019 Nissan X-trail St X-tronic 2wd

Type
Used Vehicle
Transmission
Constant Variable
Kilometres
31,500
VIN
JN1TBNT32A0053456
Stock #
U177634

$25,108

Drive Away

2019  Holden Colorado Ls Pickup Crew Cab Utility (White) Used Car Thumbnail

2019 Holden Colorado Ls Pickup Crew Cab

Type
Used Vehicle
Transmission
Sports Automatic
Kilometres
11,806
VIN
MMU148DK0KH656598
Stock #
U177159

$36,990

Drive Away

2013  Toyota Camry Atara R Sedan (Silver, Chrome) Used Car Thumbnail

2013 Toyota Camry Atara R

Type
Used Vehicle
Transmission
Sports Automatic
Kilometres
194,516
VIN
6T1BF3FK50X038879
Stock #
U177311

$10,990

Drive Away

2012  Holden Commodore Sv6 Z Series Sedan (Red) Used Car Thumbnail

2012 Holden Commodore Sv6 Z Series

Type
Used Vehicle
Transmission
Manual
Kilometres
132,091
VIN
6G1EK5E32CL702075
Stock #
U177255

$15,990

Drive Away

2014  Hyundai I20 Active Hatchback (Red) Used Car Thumbnail

2014 Hyundai I20 Active

Type
Used Vehicle
Transmission
Manual
Kilometres
85,325
VIN
MALBB31CLEM045582
Stock #
U177611

$8,990

Drive Away

2016  Holden Colorado Ls Crew Cab Cab Chassis (White) Used Car Thumbnail

2016 Holden Colorado Ls Crew Cab

Type
Used Vehicle
Transmission
Sports Automatic
Kilometres
105,447
VIN
MMU147DK0HH606551
Stock #
U176430

$27,490

Drive Away

2016  Hyundai Imax Wagon (White) Used Car Thumbnail

2016 Hyundai Imax

Type
Used Vehicle
Transmission
Automatic
Kilometres
102,986
VIN
KMHWH81KMGU814006
Stock #
U177003

$23,490

Drive Away


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Zupps Browns Plains Hyundai

Fleet

1 Corporate Place
Hillcrest, QLD 4118

Phone
07 3484 1708

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Tuesday
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