How to take advantage of the new $150,000 instant asset write-off.
1.5min read | 278 word count
With tax time around the corner, and end of financial year sales ramping up, could now be the perfect time to upgrade your business equipment and take advantage of the Australian Government’s new $150,000 instant asset write-off? We are helping our business and sole-trader clients to finance the purchase of eligible assets each valued up to $150,000, which qualify for the instant asset write-off this financial year.
This exciting new scheme by the Australian Government applies to new or second‑hand assets purchased between 12 March 2020 and 30 June 2020, and first used, or installed ready for use, in that timeframe.
“eligible businesses can immediately write‑off multiple assets, meaning if you need a few extra dozers or loaders, now is the perfect time to chat with us!”
The $150,000 instant asset write-off threshold can provide cash flow and tax offset benefits for businesses who can 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, meaning if you need a new car or truck fleet or a few extra dozers, loaders or excavators, now is the perfect time to chat with us so we can help you take advantage of this tax incentive.
We can check whether your business is eligible for the instant asset write-off and show you a variety of lending options across different banks and lenders, so you can pick the one that’s right for you. We’re all about helping you find the right finance solutions for you and your business needs, after all, isn’t that what friends in finance are for?
Give us a call today or fill out your details below and we’ll call you! There’s no sales team here, just real, local folk ready to help you out.
Give us a call on 07 3857 4613 today or fill out your details below and we’ll call you!
There’s no sales team here, just real, local folk ready to help you out.