$150,000 Instant Asset Write Off
The ATO has announced that from the 12th March till the 30th June:
With the specified instant asset write-off eligible Australian business can:
- immediately write off the full cost of each business asset with a cost less than the announced 150,000 instant asset write off treshold
- claim a tax deduction for the business portion of the purchase cost in the year the asset is first used or installed ready for use.
ThisInstant asset write-off is not only accepted for new assets. Also second hand business machinery and assets can apply. As Some exclusions and limits apply please make sure you check with MHF finance or your accountant or financial advisor to make sure you can use this tax advantage for your purchase.
The instant asset write-off eligibility criteria and threshold have changed over time. You need to check your business’s eligibility and apply the correct threshold amount.
To obtain your approval, please contact us on 1300 884 145 or click here for a contact form
|At Materials Handling Finance Pty Ltd (MHF), we can assist you to obtain finance for applicable assets under the COVID 19 Stimulus & Support Measures.|
To access the new instant write-off threshold of $150,000 your business needs:
- An aggregated turnover under $500 million
- Assets used for tax purpose between 12 March 2020 and 30 June 2020 in your trading business
Indicative Repayment Schedule*
|Amount ||Term || Monthly Repayment|
|$100,000|| 4 years||$2,273|
|*Terms and Conditions will apply|
To obtain your approval, please contact us on 1300 884 145 or log on to www.mhf.com.au and lodge a quote request for us to get back to you.
Alternatively, you can email or call our team directly:
Ian: firstname.lastname@example.org | 0407 818 887
Mal: email@example.com | 0401 647 526
$150k Instant Asset Write Off, Call now to check your elligibility!