Update

There is no need to panic or rush your purchase.  

The Instant Asset Write Off Scheme which was increased to $150,000 as part of the Federal Government stimulus package in response to the CV19 pandemic has been extended until the 30th of June 2021.

Eligible businesses can immediately write off the cost of each asset that cost less than the threshold to 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.

The scheme applies to both new and secondhand assets (vehicles and equipment) with the new limit now expiring on the 30th of June 2021.

Contact Andrew Reilly on 0414 380 678 or click this link to enquire about your eligibility