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Cranbourne MG

Address
215 South Gippsland Hwy, Cranbourne, VIC 3977 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?

Eligible Inventory:

2020 MG HS VIBE SAS23 MY20

2020 MG HS VIBE SAS23 MY20

Type New Vehicle
Transmission Automatic
Kilometres 0
VIN LSJA24U94LN011961
Stock # MG353
$30,990 Drive Away

VIEW CAR

2020 MG HS VIBE SAS23 MY20

2020 MG HS VIBE SAS23 MY20

Type New Vehicle
Transmission Automatic
Kilometres 0
VIN LSJA24U92LN011053
Stock # MG340
$31,690 Drive Away

VIEW CAR
2018 MG MG3 CORE MY18 MY18

2018 MG MG3 CORE MY18 MY18

Type New Vehicle
Transmission Automatic
Kilometres 0
VIN LSJZ14U98KS082599
Stock # MG316
$16,490 Drive Away

VIEW CAR
2020 MG MG3 CORE MY20 MY20

2020 MG MG3 CORE MY20 MY20

Type New Vehicle
Transmission Automatic
Kilometres 0
VIN LSJZ14U9XLS016816
Stock # MG362
$16,990 Drive Away

VIEW CAR
2019 MG ZS EXCITE AZS1 MY19

2019 MG ZS EXCITE AZS1 MY19

Type New Vehicle
Transmission Automatic
Kilometres 0
VIN LSJW74U93KZ122290
Stock # MG284
$23,990 Drive Away

VIEW CAR
2019 MG ZS EXCITE AZS1 MY19

2019 MG ZS EXCITE AZS1 MY19

Type New Vehicle
Transmission Automatic
Kilometres 0
VIN LSJW74U93KZ158495
Stock # MG358
$23,990 Drive Away

VIEW CAR
Address
215 South Gippsland Hwy, Cranbourne, VIC 3977
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