20 March 2020 · Buyer Advice

Instant Asset Write Off Increased & Extended

Are you aware of the enhancements to the instant asset write off?

They are as follows further details can be found on the Australian Taxation Office website:

  • Lifting the threshold to $150,000 (from $30,000)
  • Businesses with an annual revenue of $500 million (previously $50 million) are eligible
  • The scheme takes place with immediate effect and closes at June 30, 2020

Phil Gilbert Toyota can help you with solutions to get you on the road with expertise in service, sales, finance and insurance. View our new or used inventory online, contact us on 9735 8400 or click below to get in touch.

Please note, if you think you may be eligible for the instant write-off, make sure to check with your tax professional before signing off on a vehicle purchase.