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FREE Protection Pack for ABN Holders!

Need to upgrade your work vehicle? Now is the time to take advantage of the $150K Instant Asset Write Off, which has been increased from $30,000 to $150,000 and expanded access to include businesses with aggregated annual turnover of less than $500 million (up from $50 million).

Eligibility

Eligibility to use instant asset write-off depends on:

  • your aggregated turnover (the total ordinary income of your business and that of any associated businesses)
  • the date you purchased the asset and it was first used or installed ready for use
  • the cost of each asset being less than the threshold.

The criteria have changed over time so make sure you check whether your business is eligible.

Businesses with a turnover of $500 million or more are not eligible to use instant asset write-off.

 


Timing

This applies from 12 March 2020 until 31 December 2020, for new or second‑hand assets first used or installed ready for use in this timeframe.

 


How to apply

The instant asset write-off eligibility criteria and threshold have changed over time. You need to check your business's eligibility and ensure you apply the correct threshold amount as stated by the Australian Taxation Office (ATO).

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New Vehicles Location

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Lane Ford

New Vehicles

107-113 Pinjarra Road
Mandurah, WA 6210

Phone
08 9535 1688
Fax
08 9535 3912
Manager
Ray Robinson

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Department Trading Hours

Monday
8:00 AM - 6:00 PM
Tuesday
8:00 AM - 6:00 PM
Wednesday
8:00 AM - 7:00 PM
Thursday
8:00 AM - 6:00 PM
Friday
8:00 AM - 6:00 PM
Closed Now
Saturday
8:00 AM - 1:00 PM
Sunday
Closed

ABN holders only. The instant asset write-off eligibility criteria and threshold have changed over time. You need to check your business's eligibility and ensure you apply the correct threshold amount as stated by the Australian Taxation Office (ATO).