Have you heard the news?
Are you considering a new work vehicle or looking to upgrade an existing vehicle for your business?
Great News…..The Australian Government has recently raised the Instant asset write-off to $30,000 per asset.....so why not buy a new Isuzu?!
Recent changes to these rules mean that small and medium businesses can potentially instantly write off the value of the asset rather than depreciate it over many years. The Budget extends the instant write-off to cover assets up to $30,000 (per asset), for businesses with turnover less than $50 million
With arguably one of Australia’s best Light Commercial vehicles on the market starting from $25,990 drive away and the end of financial year in sight, why not look at putting yourself into a new Isuzu Max ute this financial year.
So what are you awaiting for….if you have an ABN call me today on 0429 674 782 and see how I can tailor a fleet solution to you and your business!
ATO example: Purchasing multiple assets
Barry owns a plumbing business. On 10 April 2019, Barry purchases and starts to use a new van for his business valued at $22,000. The following month he purchases and starts to use a trailer to support his business which costs him $14,000. Barry has spent a total of $36,000. As the $30,000 instant asset write-off threshold applies to each asset, Barry is able to claim both the van and the trailer in his 2019 tax return.