$150K Instant Asset Write-off
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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!
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.

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.

Eligible Inventory:

2020 HYUNDAI I30 ACTIVE PD2 MY20
Type | New Vehicle |
Transmission | Automatic |
Kilometres | 0 |
VIN | KMHH351EMLU138864 |
Stock # | B3646 |
$24,990 | Drive Away |

2020 HYUNDAI KONA ACTIVE OS.3 MY20
Type | New Vehicle |
Transmission | Automatic |
Kilometres | 0 |
VIN | KMHK281AMLU492658 |
Stock # | B3459 |
$27,990 | Drive Away |
VIEW CAR

2020 HYUNDAI TUCSON ACTIVE TL4 MY20
Type | New Vehicle |
Transmission | Automatic |
Kilometres | 0 |
VIN | KMHJ2814MLU125563 |
Stock # | B3540 |
$31,585 | Drive Away |
VIEW CAR

2019 HYUNDAI ILOAD TQ4 MY19
Type | New Vehicle |
Transmission | Automatic |
Kilometres | 0 |
VIN | KMFWBX7KMLU098911 |
Stock # | B3247 |
$39,990 | Drive Away |
VIEW CAR

2019 HYUNDAI ILOAD TQ4 MY19
Type | New Vehicle |
Transmission | Automatic |
Kilometres | 0 |
VIN | KMFWBX7KMLU099933 |
Stock # | B3252 |
$45,990 | Drive Away |
VIEW CAR

2020 HYUNDAI SANTA FE ELITE TM.2 MY20
Type | New Vehicle |
Transmission | Automatic |
Kilometres | 0 |
VIN | KMHS381CSLU276007 |
Stock # | B3687 |
$58,990 | Drive Away |
VIEW CAR
Berwick Hyundai Contact Details
- • Address: 34 Kangan Drive, Berwick, Melbourne, VIC 3806
- • Tel: (03) 8777 1324 / • Fax: (03) 9707 1212
- • Email : orejvpxerprcgvba@orejvpxulhaqnv.pbz.nh, znggo@orejvpxulhaqnv.pbz.nh
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