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$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.

Instant Asset Write-Off Info Sheet

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 12 March 2020 and will run until 30 June 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 HYUNDAI TUCSON ACTIVE X TL4 MY20

2020 HYUNDAI TUCSON ACTIVE X TL4 MY20

Type New Vehicle
Transmission Automatic
Kilometres 0
VIN KMHJ2814MLU100328
Stock # H6682
  Price on Application

VIEW CAR

2020 HYUNDAI TUCSON ACTIVE X TL4 MY20

2020 HYUNDAI TUCSON ACTIVE X TL4 MY20

Type New Vehicle
Transmission Automatic
Kilometres 5
VIN KMHJ2814MLU170298
Stock # H7027
  Price on Application

VIEW CAR
2020 HYUNDAI ELANTRA SPORT AD.2 MY20

2020 HYUNDAI ELANTRA SPORT AD.2 MY20

Type New Vehicle
Transmission Automatic
Kilometres 5
VIN KMHD041BVLU030533
Stock # H6967
  Price on Application

VIEW CAR
2020 HYUNDAI ELANTRA SPORT PREMIUM AD.2 MY20

2020 HYUNDAI ELANTRA SPORT PREMIUM AD.2 MY20

Type New Vehicle
Transmission Automatic
Kilometres 5
VIN KMHD041BVLU061327
Stock # H6997
  Price on Application

VIEW CAR
2020 HYUNDAI KONA ELITE OS.3 MY20

2020 HYUNDAI KONA ELITE OS.3 MY20

Type New Vehicle
Transmission Automatic
Kilometres 5
VIN KMHK381AMLU517693
Stock # H6898
  Price on Application

VIEW CAR
2020 HYUNDAI ILOAD TQ4 MY20

2020 HYUNDAI ILOAD TQ4 MY20

Type New Vehicle
Transmission Automatic
Kilometres 5
VIN KMFWBX7KMLU128329
Stock # H7011
  Price on Application

VIEW CAR

South Morang Hyundai Contact Details

South Morang Hyundai
Sales Operating Hours
  • Mon - Fri
    8:30am - 6:00pm
  • Saturday
    8:30am - 6:00pm
  • Sunday
    Closed
Service Operating Hours
  • Mon - Fri
    7:30am - 5:00pm
  • 1st and 3rd Saturday
    9:00am - 12:00pm (Bookings Essential)
  • Sunday
    Closed
Parts Operating Hours
  • Mon - Fri
    8:30am - 5:00pm
  • Saturday
    Closed
  • Sunday
    Closed
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