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

The Instant Asset Write-Off

Main Text - Australian Government Instant Asset Write-Off

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!

Eligiblity:

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.

Timing:

Timing

When does this increased program commence?

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:

2019  Kia Sportage S 2wd Wagon (Klg) Demo Thumbnail

2019 Kia Sportage S 2wd

Type
Demo
Transmission
Sports Automatic
Kilometres
10
VIN
KNAPM81AML7752299
Stock #
K752299

$28,777

Drive Away

2019  Kia Sorento Black Edition Awd Wagon (Ud) Demo Thumbnail

2019 Kia Sorento Black Edition Awd

Type
Demo
Transmission
Sports Automatic
Kilometres
79
VIN
KNAPH81BSL5614945
Stock #
K614945

$49,990

Drive Away

2019  Kia Cerato S Sedan (Ud) Demo Thumbnail

2019 Kia Cerato S

Type
Demo
Transmission
Sports Automatic
Kilometres
10
VIN
KNAF241CMK5064794
Stock #
K064794

$21,995

Drive Away

2019  Kia Cerato Sport+ Hatchback (4ss) Demo Thumbnail

2019 Kia Cerato Sport+

Type
Demo
Transmission
Sports Automatic
Kilometres
10
VIN
KNAF351CMK5049860
Stock #
K049860

$26,888

Drive Away

2019  Kia Sportage Sx 2wd Wagon (Klg) Demo Thumbnail

2019 Kia Sportage Sx 2wd

Type
Demo
Transmission
Sports Automatic
Kilometres
10
VIN
KNAPM81AML7751985
Stock #
K751985

$30,990

Drive Away

2019  Kia Cerato Gt Dct Hatchback (Cr5) Demo Thumbnail

2019 Kia Cerato Gt Dct

Type
Demo
Transmission
Sports Automatic Dual Clutch
Kilometres
10
VIN
KNAF4517VK5062640
Stock #
K062640

$32,500

Drive Away

2015  Jeep Grand Cherokee Laredo Wagon (White) Used Thumbnail

2015 Jeep Grand Cherokee Laredo

Type
Used Vehicle
Transmission
Sports Automatic
Kilometres
81,600
VIN
1C4RJFEM0FC728671
Stock #
U175876

$24,999

Drive Away

2015  Land Rover Discovery Sport Sd4 Se Wagon (Blue) Used Thumbnail

2015 Land Rover Discovery Sport Sd4 Se

Type
Used Vehicle
Transmission
Sports Automatic
Kilometres
73,741
VIN
SALCA2AE5GH564960
Stock #
U176787

$37,990

Drive Away

2018  Suzuki Swift Gl Navigator Hatchback (White) Used Thumbnail

2018 Suzuki Swift Gl Navigator

Type
Used Vehicle
Transmission
Constant Variable
Kilometres
35,990
VIN
JSAAZC83S00202683
Stock #
U177174

$14,888

Drive Away

2018  Suzuki Swift Gl Navigator Hatchback (Silver) Used Thumbnail

2018 Suzuki Swift Gl Navigator

Type
Used Vehicle
Transmission
Constant Variable
Kilometres
38,978
VIN
JSAAZC83S00203555
Stock #
U176964

$14,888

Drive Away

2014  Mitsubishi Triton Glx Double Cab Utility (Silver, Chrome) Used Thumbnail

2014 Mitsubishi Triton Glx Double Cab

Type
Used Vehicle
Transmission
Sports Automatic
Kilometres
87,324
VIN
MMAJRKB40FD018680
Stock #
U176849

$19,999

Drive Away

2012  Toyota Corolla Ascent Sport Sedan (White) Used Thumbnail

2012 Toyota Corolla Ascent Sport

Type
Used Vehicle
Transmission
Manual
Kilometres
42,501
VIN
JTNBU56E60J100204
Stock #
U177392

$9,990

Drive Away


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Zupps Mt Gravatt Kia

Fleet

1332 Logan Road
Mt Gravatt, QLD 4122

Phone
07 3243 8888
Manager
Gavin Mann

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Department Trading Hours

Monday
8:00 AM - 5:00 PM
Tuesday
8:00 AM - 5:00 PM
Wednesday
8:00 AM - 5:00 PM
Thursday
8:00 AM - 5:00 PM
Friday
8:00 AM - 5:00 PM
Saturday
8:00 AM - 5:00 PM
Sunday
Closed