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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 31 December 2020. It applies for new or second‑hand assets first used in this timeframe. 

Seek independent advice from your accountant.

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 Australian Businesses please visit business.gov.au.

Eligible Inventory:

2020  Jeep Cherokee (Diamond Black Crystal) New Car Thumbnail

2020 Jeep Cherokee Limited Auto 4x4 MY20

Type
New Vehicle
Transmission
Sports Automatic
Kilometres
20
VIN
1C4PJMHX3LD590289
Stock #
C590289

$55,360

Drive Away

2020  Jeep Compass (Vocal White) New Car Thumbnail

2020 Jeep Compass S-Limited Auto 4x4 MY20

Type
New Vehicle
Transmission
Automatic
Kilometres
10
VIN
MCANJRCB6LFA60434
Stock #
C60434

$50,745

Drive Away

2020  Jeep Grand Cherokee (Sting Grey) New Car Thumbnail

2020 Jeep Grand Cherokee Night Eagle Auto 4x4 MY20

Type
New Vehicle
Transmission
Sports Automatic
Kilometres
36
VIN
1C4RJFEM0LC266219
Stock #
C266219

$71,920

Drive Away

2020  Jeep Grand Cherokee (Slate Blue) New Car Thumbnail

2020 Jeep Grand Cherokee S-Limited Auto 4x4 MY20

Type
New Vehicle
Transmission
Sports Automatic
Kilometres
21
VIN
1C4RJFFM7LC338371
Stock #
C338371

$79,432

Drive Away

2020  Jeep Gladiator (Firecracker Red) New Car Thumbnail

2020 Jeep Gladiator Launch Edition Auto MY20 Dual Cab

Type
New Vehicle
Transmission
Automatic
Kilometres
22
VIN
1C6JJTDG4LL193886
Stock #
C193886

$92,990

Drive Away

2019  Jeep Grand Cherokee (Sting Grey) New Car Thumbnail

2019 Jeep Grand Cherokee Trailhawk Auto 4x4 MY19

Type
New Vehicle
Transmission
Sports Automatic
Kilometres
34
VIN
1C4RJFMM9KC733198
Stock #
C733198

$69,500

Drive Away

2020  Jeep Grand Cherokee (Diamond Black Crystal) New Car Thumbnail

2020 Jeep Grand Cherokee Night Eagle Auto 4x4 MY20

Type
New Vehicle
Transmission
Sports Automatic
VIN
1C4RJFGM8LC317379
Stock #
C317379

$71,920

Drive Away

2020  Jeep Grand Cherokee (Bright White) New Car Thumbnail

2020 Jeep Grand Cherokee Overland Auto 4x4 MY20

Type
New Vehicle
Transmission
Sports Automatic
Kilometres
18
VIN
1C4RJFGM0LC306781
Stock #
C306781

$85,240

Drive Away

2019  Jeep Grand Cherokee (Sangria) New Car Thumbnail

2019 Jeep Grand Cherokee Limited Auto 4x4 MY19

Type
New Vehicle
Transmission
Sports Automatic
Kilometres
4
VIN
1C4RJFFM9KC790871
Stock #
C790871

$66,990

Drive Away

2020  Jeep Grand Cherokee (Granite Crystal) New Car Thumbnail

2020 Jeep Grand Cherokee Overland Auto 4x4 MY20

Type
New Vehicle
Transmission
Sports Automatic
Kilometres
16
VIN
1C4RJFGM9LC306780
Stock #
C306780

$86,135

Drive Away

2020  Jeep Grand Cherokee (Bright White) New Car Thumbnail

2020 Jeep Grand Cherokee Night Eagle Auto 4x4 MY20

Type
New Vehicle
Transmission
Sports Automatic
VIN
1C4RJFEM3LC338238
Stock #
C338238

$71,225

Drive Away