The Australian Government has recently announced a new economic threshold to help hardworking businesses. This means that from now, until 30th June 2020, you can take advantage of a $150,000 instant asset write-off!*
With this incentive, now is a great time to consider upgrading your business fleet or company vehicle with advantageous tax concessions. We have a great range of new & demonstrator Mitsubishi models to choose from right now for immediate delivery.
*For eligible businesses only. Consult you financial adviser to see if you qualify.
100% Instant Asset Write-Off
1. Applies to all machinery and attachments with an individual purchase price of less than $150,000 excluding GST (increased from $30,000).
2. Valid for ABN registred businesses with revenue turnover of less than $500 million (increased from $50 million).
3. 100% tax write-off in the current tax year ending 30th June 2020. Customers must take delivery prior to this date. This incentive expires on 30th June 2020.
4. No limit on how many assets are claimed.
5. Applies to both new and used assets.
50% Instant Depreciation Write Off:
1. Applies only to NEW assets valued over $150,000 with no maximum.
2. Valid for companies with revenue turnover less than $500 million.
3. Valid until 30th June 2021, that is 15 months validity.
4. Customers can claim tax deduction of 50% of the purchase in year 1, plus normal tax deprecation rate on the remaining 50% asset balance in year.
Speak to us today about how you can take advantage of this amazing incentive.