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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!

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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!

Eligibility:

Are you eligible to take advantage?

Eligibility

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:

When does this increased program commence?

Timing

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:

2020  Mitsubishi Asx Es 2wd Wagon (Titanium) New Thumbnail

2020 Mitsubishi Asx Es 2wd

Type
New Vehicle
Transmission
Manual
Kilometres
6
VIN
JMFXNGA2WLU000353
Stock #
XD000353

$25,750

Drive Away

2019  Mitsubishi Outlander Ls 2wd Wagon (Starlight) New Thumbnail

2019 Mitsubishi Outlander Ls 2wd

Type
New Vehicle
Transmission
Constant Variable
Kilometres
5
VIN
JMFXTGF8WLZ005769
Stock #
ZL005769

$35,830

Drive Away

2020  Mitsubishi Triton Glx-r Double Cab Utility (Pitch Black) New Thumbnail

2020 Mitsubishi Triton Glx-r Double Cab

Type
New Vehicle
Transmission
Sports Automatic
Kilometres
8
VIN
MMAJLKL10LH014733
Stock #
MR014733

$43,230

Drive Away

2019  Mitsubishi Asx Mr 2wd Wagon (Lightning Blue) New Thumbnail

2019 Mitsubishi Asx Mr 2wd

Type
New Vehicle
Transmission
Constant Variable
Kilometres
5
VIN
JMFXTGA2WLU004553
Stock #
XD004553

$28,930

Drive Away

2019  Mitsubishi Triton Glx+ Double Cab Utility (Sterling Silver) New Thumbnail

2019 Mitsubishi Triton Glx+ Double Cab

Type
New Vehicle
Transmission
Manual
Kilometres
7
VIN
MMAJJKL10KH019684
Stock #
MR019684

$38,990

Drive Away

2020  Mitsubishi Asx Es 2wd Wagon (White) New Thumbnail

2020 Mitsubishi Asx Es 2wd

Type
New Vehicle
Transmission
Constant Variable
Kilometres
5
VIN
JMFXTGA2WLU009010
Stock #
XD009010

$26,740

Drive Away

2020  Mitsubishi Pajero Sport Exceed Wagon (White) New Thumbnail

2020 Mitsubishi Pajero Sport Exceed

Type
New Vehicle
Transmission
Sports Automatic
VIN
MMAGUKS10LH003339
Stock #
QF003339

$59,990

Drive Away

2020  Mitsubishi Eclipse Cross Ls 2wd Wagon (Black) New Thumbnail

2020 Mitsubishi Eclipse Cross Ls 2wd

Type
New Vehicle
Transmission
Constant Variable
Kilometres
5
VIN
JMFXTGK1WLZ004412
Stock #
YA004412

$33,930

Drive Away

2020  Mitsubishi Asx Ls 2wd Wagon (Titanium) New Thumbnail

2020 Mitsubishi Asx Ls 2wd

Type
New Vehicle
Transmission
Constant Variable
Kilometres
5
VIN
JMFXTGA2WLU007380
Stock #
XD007380

$31,180

Drive Away

2020  Mitsubishi Asx Ls 2wd Wagon (White) New Thumbnail

2020 Mitsubishi Asx Ls 2wd

Type
New Vehicle
Transmission
Constant Variable
Kilometres
5
VIN
JMFXTGA2WLU008562
Stock #
XD008562

$30,440

Drive Away

2020  Mitsubishi Pajero Sport Exceed Wagon (White) New Thumbnail

2020 Mitsubishi Pajero Sport Exceed

Type
New Vehicle
Transmission
Sports Automatic
Kilometres
5
VIN
MMAGUKS10LH002372
Stock #
QF002372

$59,990

Drive Away

2019  Mitsubishi Eclipse Cross Black Edition 2wd Wagon (Starlight) New Thumbnail

2019 Mitsubishi Eclipse Cross Black Edition 2wd

Type
New Vehicle
Transmission
Constant Variable
Kilometres
5
VIN
JMFXTGK1WLZ002436
Stock #
YA002436

$32,790

Drive Away