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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 Grand Cherokee Overland Auto 4x4 MY20 Thumbnail

2020 Jeep Grand Cherokee Overland Auto 4x4 MY20

Type
New Vehicle
Transmission
Sports Automatic
Kilometres
22
VIN
1C4RJFGM4LC317377
Stock #
C317377

$82,290

Drive Away

2020 Jeep Gladiator Overland Auto MY20 Dual Cab Thumbnail

2020 Jeep Gladiator Overland Auto MY20 Dual Cab

Type
New Vehicle
Transmission
Automatic
Kilometres
12
VIN
1C6HJTGG9LL203418
Stock #
C203418

$77,350

Drive Away

2020 Jeep Compass S-Limited Auto 4x4 MY20 Thumbnail

2020 Jeep Compass S-Limited Auto 4x4 MY20

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

$47,790

Drive Away

2020 Jeep Gladiator Rubicon Auto MY20 Dual Cab Thumbnail

2020 Jeep Gladiator Rubicon Auto MY20 Dual Cab

Type
New Vehicle
Transmission
Automatic
Kilometres
13
VIN
1C6JJTDG0LL203314
Stock #
C203314

$82,990

Drive Away

2020 Jeep Grand Cherokee Overland Auto 4x4 MY20 Thumbnail

2020 Jeep Grand Cherokee Overland Auto 4x4 MY20

Type
New Vehicle
Transmission
Sports Automatic
Kilometres
18
VIN
1C4RJFGM2LC266266
Stock #
C266266

$82,290

Drive Away

2020 Jeep Gladiator Rubicon Auto MY20 Dual Cab Thumbnail

2020 Jeep Gladiator Rubicon Auto MY20 Dual Cab

Type
New Vehicle
Transmission
Automatic
Kilometres
14
VIN
1C6JJTDG8LL210026
Stock #
C210026

$82,990

Drive Away

2020 Jeep Grand Cherokee Overland Auto 4x4 MY20 Thumbnail

2020 Jeep Grand Cherokee Overland Auto 4x4 MY20

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

$83,990

Drive Away

2020 Jeep Grand Cherokee Overland Auto 4x4 MY20 Thumbnail

2020 Jeep Grand Cherokee Overland Auto 4x4 MY20

Type
New Vehicle
Transmission
Sports Automatic
Kilometres
9
VIN
1C4RJFGM5LC306761
Stock #
C306761

$83,990

Drive Away

2020 Jeep Grand Cherokee Overland Auto 4x4 MY20 Thumbnail

2020 Jeep Grand Cherokee Overland Auto 4x4 MY20

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

$82,990

Drive Away

2020 Jeep Grand Cherokee Trailhawk Auto 4x4 MY20 Thumbnail

2020 Jeep Grand Cherokee Trailhawk Auto 4x4 MY20

Type
New Vehicle
Transmission
Sports Automatic
Kilometres
68
VIN
1C4RJFMM5LC266251
Stock #
C266251

$77,490

Drive Away

2020 Jeep Grand Cherokee Overland Auto 4x4 MY20 Thumbnail

2020 Jeep Grand Cherokee Overland Auto 4x4 MY20

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

$82,990

Drive Away

2020 Jeep Compass Limited Auto 4x4 MY20 Thumbnail

2020 Jeep Compass Limited Auto 4x4 MY20

Type
New Vehicle
Transmission
Automatic
Kilometres
13
VIN
MCANJRCB3LFA61752
Stock #
C61752

$45,990

Drive Away