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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

$46,525

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

$26,490

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

$31,995

Drive Away

2019  Mitsubishi Outlander Es 2wd Wagon (White) Used Thumbnail

2019 Mitsubishi Outlander Es 2wd

Type
Used Vehicle
Transmission
Constant Variable
Kilometres
15,874
VIN
JMFXTGF8WLZ002851
Stock #
U177557

$26,490

Drive Away

2019  Kia Carnival S Wagon (Clear White) Used Thumbnail

2019 Kia Carnival S

Type
Used Vehicle
Transmission
Sports Automatic
Kilometres
14,785
VIN
KNAMB811MK6565615
Stock #
U177629

$36,490

Drive Away

2018  Mitsubishi Eclipse Cross Ls 2wd Wagon (Clear White) Used Thumbnail

2018 Mitsubishi Eclipse Cross Ls 2wd

Type
Used Vehicle
Transmission
Constant Variable
Kilometres
9,983
VIN
JMFXTGK1WJZ006001
Stock #
U177075

$25,990

Drive Away

2019  Kia Cerato S Hatchback (Clear White) Used Thumbnail

2019 Kia Cerato S

Type
Used Vehicle
Transmission
Sports Automatic
Kilometres
4,998
VIN
KNAF251CMK5047922
Stock #
U177547

$20,888

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

$25,990

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

$35,490

Drive Away

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

2019 Kia Sportage S 2wd

Type
Demo
Transmission
Manual
Kilometres
13
VIN
KNAPM81ALL7789272
Stock #
K789272

$26,490

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

View Location Map & Get Directions

Department Trading Hours

Monday
9:00 AM - 5:00 PM
Tuesday
9:00 AM - 5:00 PM
Wednesday
9:00 PM - 5:00 PM
Thursday
9:00 PM - 5:00 PM
Friday
9:00 PM - 5:00 PM
Saturday
8:30 AM - 4:30 PM
Sunday
Closed