Reset Translator Hide
Close Button X Page Heading Polygon location marker icon phone icon Icon arrow down Icon of a Left Arrow for a Carousel Icon of a Right Arrow for a Carousel icon of Facebook logo Calculator Icon icon of Twitter logo icon of YouTube logo icon of LinkedIn logo icon of Google+ logo icon of Pintarest logo icon of Share logo Get a Quote Dollar Icon Get a Quote Dollar Icon Download a Brochure Icon Download a Brochure Icon Book a Service Spanner Icon Specials Discount Tag Icon Search our Stock Icon Book a Test Drive steering wheel Icon Book a Test Drive steering wheel Icon Search our Stock Icon Question Mark in a Circle Icon Search our Stock Icon Calculator Icon More Content Below Learner Approved Motorcycles (LAM) View Right Arrow Icon of Instagram Logo Icon of Left Arrow Icon of Double Left Arrow Icon of Right Arrow Close Button Circle X Icon of 3 Horizontal Lines Icon of a 4 square Quandrant Icon of a car Hand Offering Cash Icon Envelope Icon List Symbol of Lines and Dots Icon Calculator Icon Video Click to Start Icon Printer Icon Icon of 3.5 star rating Icon of 4 star rating Icon of a magnifying Glass Icon of a Dollar Symbol Powered by I-Motor - link to I-Motor website Icon of Arrow Pointing Left Icon of Home Used on Error Pages Icon of two cars from the front Icon of square speech bubble with dollar symbol
 
HSV

Booran HSV

Address
1212 Nepean Highway, Cheltenham, Melbourne, VIC 3192
Get Directions
Address
25 Lonsdale Street, Dandenong, VIC 3175
Get Directions

$150K Instant Asset Write-off

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!

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.

Is your business eligible to benefit? Eligible businesses should consult their tax or financial professional to understand how their business could benefit from this.

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.

Are you eligible to take advantage?

Timing:

When does this increased program commence?

This new Instant Asset Write-off proposal kicks off on 12th March 2020 and will run until 31st December 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.

When does this increased program commence?
Address
1212 Nepean Highway, Cheltenham, Melbourne, VIC 3192
Get Directions View On Map
Address
25 Lonsdale Street, Dandenong, VIC 3175
Get Directions View On Map