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In response to the COVID-19 crisis, the Australian Government has 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

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!

Eligibility:

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:

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  Mazda 3 G25 Evolve Sedan (Black) Demo Car Thumbnail

2019 Mazda 3 G25 Evolve

Type
Demo
Transmission
Sports Automatic
Kilometres
2,066
Stock #
W10538540

$28,490

Drive Away

2019  Mazda 3 G20 Pure Sedan (Black) Demo Car Thumbnail

2019 Mazda 3 G20 Pure

Type
Demo
Transmission
Manual
Kilometres
5
Stock #
W10549004

$26,490

Drive Away

2019  Mazda 3 G25 Astina Hatchback (Red) Demo Car Thumbnail

2019 Mazda 3 G25 Astina

Type
Demo
Transmission
Sports Automatic
Kilometres
2,035
Stock #
W10554761

$36,498

Drive Away

2019  Mazda 3 G25 Gt Hatchback (Grey) Demo Car Thumbnail

2019 Mazda 3 G25 Gt

Type
Demo
Transmission
Sports Automatic
Kilometres
1,044
Stock #
W10547700

$33,990

Drive Away

2019  Mazda 3 G25 Evolve Hatchback (Red) Demo Car Thumbnail

2019 Mazda 3 G25 Evolve

Type
Demo
Transmission
Sports Automatic
Kilometres
2,105
Stock #
W10554936

$29,990

Drive Away

2019  Mazda 3 G20 Evolve Hatchback (White) Demo Car Thumbnail

2019 Mazda 3 G20 Evolve

Type
Demo
Transmission
Sports Automatic
Kilometres
23
Stock #
W10564849

$27,888

Drive Away

2019  Mazda Cx-5 Gt Wagon (Grey) Used Car Thumbnail

2019 Mazda Cx-5 Gt

Type
Used Vehicle
Transmission
Sports Automatic
Kilometres
2,201
Stock #
U177132

$43,890

Drive Away

2019  Mazda 3 G25 Astina Hatchback (Grey) New Car Thumbnail

2019 Mazda 3 G25 Astina

Type
New Vehicle
Transmission
Sports Automatic
Kilometres
4
Stock #
W10574777

$42,817

Drive Away

2019  Mazda 6 Touring Sedan (Red) New Car Thumbnail

2019 Mazda 6 Touring

Type
New Vehicle
Transmission
Sports Automatic
Kilometres
1
Stock #
W10564407

$43,023

Drive Away

2016  Skoda Octavia Rs 162tsi Liftback (White) Used Car Thumbnail

2016 Skoda Octavia Rs 162tsi

Type
Used Vehicle
Transmission
Sports Automatic Dual Clutch
Kilometres
76,609
Stock #
U176912

$23,990

Drive Away

2011  Holden Commodore Sv6 Sedan (Red) Used Car Thumbnail

2011 Holden Commodore Sv6

Type
Used Vehicle
Transmission
Sports Automatic
Kilometres
181,761
Stock #
U177604

$10,990

Drive Away

2019  Mazda Cx-5 Gt Wagon (Red) Demo Car Thumbnail

2019 Mazda Cx-5 Gt

Type
Demo
Transmission
Sports Automatic
Kilometres
2,102
Stock #
W10570851

$47,888

Drive Away