$30,000 Tax Write-Off Available Now!
The Australian instant asset write-off has been increased and extended! The threshold has increased to $30,000, and has been extended to 30 June 2020.
Now is the perfect time to invest in a new attachment, bucket – or even a mini excavator! – and expand your business capability and profitability.
And don’t forget our incredible special offer on the Eurocomach ES18ZT Mini Excavator for only $29,990+GST – meaning you can invest in a brand new world-class mini excavator and claim the entire machine as a tax write-off!
The instant asset write-off now also includes businesses with a turnover from $10 million to less than $50 million. These businesses can claim a deduction of up to $30,000 for the business portion of each asset (new or second hand), purchased and first used or installed ready for use from 7.30pm (AEDT) on 2 April 2019 until 30 June 2020.
Businesses with a turnover of up to $10 million can also claim a deduction for each asset purchased and first used or installed ready for use, up to the following thresholds:
- $30,000, from 7.30pm (AEDT) on 2 April 2019 until 30 June 2020
- $25,000, from 29 January 2019 until before 7.30pm (AEDT) on 2 April 2019
- $20,000, before 29 January 2019.