Current Specials at Prestige Auto Traders North Shore


$150k Instant Asset Write Off & 50% Instant Depreciation Deduction

$150k Instant Asset Write Off & 50% Instant Depreciation Deduction

7 facts to assist in understanding what is now available from March 12th 2020 via the Economic Stimulus Package. BOTH of the 2 initiatives shown below are available to ALL businesses with an annual turnover of less than $500mil

 

$150,000 Instant Asset Write Off


  1. Any eligible asset (vehicles, machinery etc) with a purchase price of $150,000 or less (excluding GST) acquired from March 12th to June 30th 2020

  2. Asset can be NEW or USED

  3. The $150,000 limit is available for each individual asset and therefore multiple assets (totalling more than $150,000) can be claimed under this arrangement

  4. There is NO LIMIT to the number of assets acquired under this initiative

  5. Assets can be purchased outright or financed on Chattel Mortgage or CHP (Finance Lease will not work for this initiative)

  6. FAST TRACK (No Financials) Finance is available on most assets across a broad range of Financiers

  7. This initiative is ONLY available until June 30 2020 and as such is a very small window of opportunity

 

50% Instant Depreciation Write Off (on assets over $150,000)


  1. Any eligible asset (vehicles, machinery etc) with a purchase price GREATER THAN $150,000 (excluding GST) acquired from March 12th to June 30th 2021

  2. Assets MUST be NEW (NOT USED)

  3. There is NO LIMIT to the number of assets acquired under this initiative

  4. Assets can be purchased outright or financed on Chattel Mortgage or CHP (Finance Lease will not work for this initiative)

  5. FAST TRACK (Replacement Policy) Finance is available on many of these larger assets across a broad range of Financiers

  6. This initiative is available until June 30 2021

  7. This extended initiative will also be applicable to assets of $150,000 or less for an extra year once the $150,000 Instant Asset Write Off has expired on June 30 2020.

 

If you would like to know more, the Government Fact sheet link below provides an excellent explanation with many clear examples https://treasury.gov.au/sites/default/files/2020-03/Fact_sheet-Support_for_business_investment.pdf

 

The team at Prestige Auto Traders North Shore is here to help any customers to put in place any finance approvals which may be needed to take advantage of the significant tax breaks available under these programs, so please feel free to contact us on 1300 112 933 or complete the enquiry form below.

Prestige Auto Traders North Shore

Service Department

34 Robert Street,
Rozelle NSW 2039

02 8755 2255
  • Mon - Fri: 7:30 AM - 5:30 PM
  • Sat - Sun: Closed
View Map

Prestige Auto Traders North Shore

Sales Department

301 Pacific Highway,
Artarmon NSW 2064

1300 112 933
  • Mon - Fri: 8:00 AM - 5:30 PM
  • Sat: 9:00 AM - 5:00 PM
  • Sun: 10:00 AM - 4:00 PM
View Map