Instant tax write off increased to $150k

News Finance Tax write off

Starleaton is open for business and here to support our customers.

We understand many businesses will still need equipment to complete jobs and finish projects and we wanted to offer a solution to help our customers.

 

Pay $0 for 3 months
across all makes and models
purchased between now and 30 April 2020.

Plus take advantage of the recent government initiatives including $150,000 instant tax write off and 50% depreciation.

The instant write off applies to new or second hand first used assets installed and ready for use before 30 June 2020.

 


$150K Instant Asset Write Off

  1. Applies to any asset that can be used for business purposes with a purchase price of $150K or less (excluding GST).
  2. Assets must be purchased and installed between March 12th to June 30th 2020
  3. Assets can be New or Second Hand
  4. There is no limit to the number of assets purchased that can be written off under this program as long as each asset is below $150,000.


50% Instant Depreciation Write Off (on assets over $150K)

  1. Any eligible assets with a purchase price greater than $150K (excluding GST) acquired from March 12th to June 30th 2021
  2. Purchased equipment must be New
  3. Businesses with an aggregated annual turnover of less than $500 million will be eligible until 30 June 2021.
  4. No limit to the amount of assets acquired under the initiative
For further information, visit the Government Fact Sheet link below:
https://treasury.gov.au/sites/default/files/2020-03/Fact_sheet-Support_for_business_investment.pdf


Having the right equipment is one of the key factors that will determine the success of your business. With over 40 years experience in the large format industry, we’ve helped thousands of customers select the right solution to grow, transform and automate their business practices. We’re always ready to talk about your goals and how our products can help.

By using finance, it allows you to achieve an immediate return on investment. Contact our team today to arrange your pre-approval on 1300 880 605 or email enquiries@starleaton.com.au.

 



Disclaimer
*Payments are deferred for the first 3 months of a chattel mortgage. First payment will commence 3 months from date of settlement. Interest accrues during the no repayment period (the no repayment period is not interest free). The accrued interest is added to the subsequent repayments and amortised across the remaining loan term. Terms available are 27 months, 39 months, 51 months and 63 months. Finance offer is available subject to stock availability and until 30/04/2020. Starleaton Finance provided by MKP Finance Pty Ltd and available to approved business customers (GST registered)
^Please speak to your accountant or tax agent for specific tax advice regarding the government’s initiatives.

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