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$150K Instant Asset Write-off

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!

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.

Is your business eligible to benefit? Eligible businesses should consult their tax or financial professional to understand how their business could benefit from this.

Eligibility:

Are you eligible to take advantage?

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.

Are you eligible to take advantage?

Timing:

When does this increased program commence?

This new Instant Asset Write-off proposal kicks off on 12th March 2020 and will run until 31st December 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.

When does this increased program commence?

Eligible Inventory:

2020 HYUNDAI KONA ELITE OS.3 MY20

2020 HYUNDAI KONA ELITE OS.3 MY20

Type New Vehicle
Transmission Automatic
Kilometres 0
VIN KMHK381AMLU491962
Stock # HY4795
  Price on Application

VIEW CAR

2019 HYUNDAI VELOSTER TURBO JS MY20

2019 HYUNDAI VELOSTER TURBO JS MY20

Type New Vehicle
Transmission Manual
Kilometres 0
VIN KMHTH61BLLU025474
Stock # HY4482
  Price on Application

VIEW CAR
2020 HYUNDAI I30 ACTIVE PD2 MY20

2020 HYUNDAI I30 ACTIVE PD2 MY20

Type New Vehicle
Transmission Automatic
Kilometres 15
VIN KMHH351EMLU118689
Stock # HY4300
$26,750 Drive Away

VIEW CAR
2019 HYUNDAI ILOAD TQ4 MY19

2019 HYUNDAI ILOAD TQ4 MY19

Type New Vehicle
Transmission Automatic
Kilometres 0
VIN KMFWBX7KMLU107197
Stock # HY4466
$42,888 Drive Away

VIEW CAR
2020 HYUNDAI ELANTRA ACTIVE AD.2 MY20

2020 HYUNDAI ELANTRA ACTIVE AD.2 MY20

Type New Vehicle
Transmission Automatic
Kilometres 0
VIN KMHD841FMLU022049
Stock # HY4780
$31,888 Drive Away

VIEW CAR
2020 HYUNDAI SANTA FE ACTIVE TM.2 MY20

2020 HYUNDAI SANTA FE ACTIVE TM.2 MY20

Type New Vehicle
Transmission Automatic
Kilometres 0
VIN KMHS281FMLU251403
Stock # HY4784
$44,490 Drive Away

VIEW CAR

Dandenong Hyundai Contact Details

Dandenong Hyundai
Sales Operating Hours
  • Mon - Fri
    8:30am - 6:00pm
  • Saturday
    8:30am - 5:00pm
  • Sunday
    Closed
Service Operating Hours
  • Mon - Fri
    7:30am - 5:00pm
  • Saturday
    8:30am - 12:00pm
    By Appointment
  • Sunday
    Closed
Parts Operating Hours
  • Mon - Fri
    8:00am - 5:00pm
  • Saturday
    Closed
  • Sunday
    Closed
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