UP TO $150K* INSTANT TAX WRITE-OFF!
The Australian Government has now announced that the amount of up to $150,000 for instant tax write-offs has been extended until 31 December 2020.
- Are you a small/medium business with a turnover of less than $500m?
- Are you looking for a vehicle for business use prior to 31 December 2020?
- Are you purchasing a vehicle for less than $150,000 if not registered for GST? Or $165,000 (including GST) if registered for GST?
If the above is applicable to you, you may be entitled to the $150,000 instant tax write-off*.
*We are unable to provide advice to you on the ability to claim this deduction for you and your business. Please consult with your accountant or tax agent. The vehicle must be delivered by 31 December 2020 to claim in the 2020 financial year.
Want to know more? Ask us today!