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In response to the COVID-19 crisis, the Australian Government has increased the Instant Asset Tax Write-off to $150,000. Is your business eligible to benefit? Talk to us today!

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In March 2020 the Australian Government increased the Instant Asset Write-Off (IAWO) threshold to help small & medium business owners weather the COVID-19 crisis.

The threshold has now been raised from $30,000 to $150,000 providing cash flow benefits for businesses that will be able to immediately deduct purchases of eligible assets each costing less than $150,000.

The threshold applies on a per asset basis, so eligible businesses can immediately write‑off multiple assets. The IAWO is due to revert to $1,000 for small businesses (turnover less than $10 million) from 1 July 2020.

In your business eligible to benefit? Find out by speaking one of our experienced team members today!

Eligibility:

Are you eligible to take advantage?

Eligibility

Well the good news is that the Australian Government is expanding access so that more businesses can take advantage of the Instant Asset Write-off.

To qualify the annual turnover threshold for businesses is now increasing from $50 million to $500 million. Expanding the threshold will mean an additional 5,300 businesses who employ around 1.9 million Australians will be able to access the Instant Asset Write-off for the first time.

Timing:

When does this increased program commence?

Timing

This new Instant Asset Write-off proposal kicks off on 12 March 2020 and will run until 30 June 2020. It applies for new or second‑hand assets first used in this timeframe. 

Seek independent advice from your accoutant.

We advise all customers to speak to their accountant and seek professional advice before making a purchase decision.

Further Information

For more information regarding the Instant Asset Write-off program and other stimulus package supporting Asstralian Businesses please visit business.gov.au.

Eligible Inventory:

2020  Hyundai I30 Active Hatchback (Fiery Red) New Car Thumbnail

2020 Hyundai I30 Active

Type
New Vehicle
Transmission
Sports Automatic
Kilometres
20
VIN
KMHH351EMLU138405
Stock #
Y138405

$25,735

Drive Away

2020  Hyundai Santa Fe Elite Wagon (Ww2) New Car Thumbnail

2020 Hyundai Santa Fe Elite

Type
New Vehicle
Transmission
Sports Automatic
Kilometres
20
VIN
KMHS381CSLU273530
Stock #
Y273530

$59,036

Drive Away

2019  Hyundai Tucson Active X 2wd Wagon (R2u) New Car Thumbnail

2019 Hyundai Tucson Active X 2wd

Type
New Vehicle
Transmission
Automatic
Kilometres
20
VIN
KMHJ2814MLU185264
Stock #
Y185264

$34,585

Drive Away

2020  Hyundai I30 N Line D-ct Hatchback (Yr2) New Car Thumbnail

2020 Hyundai I30 N Line D-ct

Type
New Vehicle
Transmission
Sports Automatic Dual Clutch
Kilometres
20
VIN
KMHH551CVLU137100
Stock #
Y137100

$33,992

Drive Away

2020  Hyundai Tucson Active X 2wd Wagon (U5s) New Car Thumbnail

2020 Hyundai Tucson Active X 2wd

Type
New Vehicle
Transmission
Automatic
Kilometres
20
VIN
KMHJ2814MLU221062
Stock #
Y221062

$34,935

Drive Away

2019  Hyundai Tucson Active X 2wd Wagon (U5s) New Car Thumbnail

2019 Hyundai Tucson Active X 2wd

Type
New Vehicle
Transmission
Automatic
Kilometres
20
VIN
KMHJ2814MLU095600
Stock #
Y095600

$34,585

Drive Away

2020  Hyundai Iload Van (Creamy White) New Car Thumbnail

2020 Hyundai Iload

Type
New Vehicle
Transmission
Automatic
Kilometres
20
VIN
KMFWBX7KMLU129123
Stock #
Y129123

$43,990

Drive Away

2019  Hyundai Venue Active Wagon (Tn6) New Car Thumbnail

2019 Hyundai Venue Active

Type
New Vehicle
Transmission
Automatic
Kilometres
20
VIN
KMHRC812MLU038390
Stock #
Y038390

$26,585

Drive Away

2020  Hyundai Venue Active Wagon (Polar White) New Car Thumbnail

2020 Hyundai Venue Active

Type
New Vehicle
Transmission
Automatic
Kilometres
20
VIN
KMHRC812MLU044771
Stock #
Y044771

$25,990

Drive Away

2020  Hyundai Venue Elite Wagon (Yp1) New Car Thumbnail

2020 Hyundai Venue Elite

Type
New Vehicle
Transmission
Automatic
Kilometres
20
VIN
KMHRC812MLU045315
Stock #
Y045315

$29,485

Drive Away

2019  Hyundai Kona Go 2wd Wagon (Chalk White) New Car Thumbnail

2019 Hyundai Kona Go 2wd

Type
New Vehicle
Transmission
Sports Automatic
Kilometres
20
VIN
KMHK281AMLU488894
Stock #
Y488894

$22,990

Drive Away

2019  Hyundai I30 Active Hatchback (Fiery Red) New Car Thumbnail

2019 Hyundai I30 Active

Type
New Vehicle
Transmission
Sports Automatic
Kilometres
20
VIN
KMHH351EMLU130533
Stock #
Y130533

$25,735

Drive Away


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Zupps Aspley Hyundai

Fleet

1448 Gympie Road
Aspley, QLD 4034

Phone
07 3067 4030
Fax
07 3246 8092

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