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BUYING BUSINESS
ASSETS?

$30,000 instant asset write-off
New or Used Business assets
Don’t have to be registered for GST

Did you know, you may be able to claim a deduction in your 2019 tax return for assets you bought for your business in the 2018-19 financial year?

  • Using the instant asset write-off, you can claim a deduction for each asset that cost less than the threshold that applied when the asset was first used or installed ready for use. Different thresholds apply, so make sure you check which one applies to your asset:

You have a turnover less than $10 million, and the asset was first used or installed ready for use in the income year you are claiming it in.

  • $30,000 from 7.30pm AEDT on 2 April 2019
  • $25,000 from 29 January 2019 until before 7.30pm AEDT on 2 April 2019
  • $20,000 before 29 January 2019.

On your tax return, claim your instant asset write-off deduction under ‘Small business entity simplified depreciation’.

The usual rules for claiming deductions still apply. You can only claim the business portion of the expense, and make sure you have records to prove it.

Assets that cost more than the relevant threshold can’t be immediately deducted. You can deduct them over time using the small business pool.

Contact your Tax professional for more information and Advice

What Business assets could be eligible of the instant write off?

  • Work-related vehicles
  • Machinery
  • POS and display equipment
  • Hand Tools
  • Restaurant paging systems
  • Storage & refrigeration
  • WI-Fi or IT infrastructure
  • VoIP Telephone systems
  • Business use TV and Monitors
  • Digital Signage
  • Security upgrades
  • Audio Visual equipment
  • Networking and Data storage
  • Air conditioners
  • Office furniture
  • Shop fittings and Fitouts
  • Kitchen equipment

$30,000 INSTANT ASSET WRITE-OFF!

on New or Used
Business assets?

GET IN TOUCH (Enquiry Only)

SPEAK TO A CONSULTANT

Ph: 0418 221 487
Ph: (02) 916 77 907

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Copyright 2018 Commercial Finance Corporation Pty Ltd . All rights reserved.
Commercial Finance Corporation Pty Ltd ABN 21 059 622 356

Any Rates or terms displayed on this website are subject to standard Credit criteria and conditions. 
All rates are indicative only and subject to change at any time. Fee and charges will apply.
ACL 394741 , AFCA 45092

BUYING BUSINESS
ASSETS?


$30,000 instant asset write-off
New or Used Business assets
Don’t have to be registered for GST

Did you know, you may be able to claim a deduction in your 2019 tax return for assets you bought for your business in the 2018-19 financial year?

  • Using the instant asset write-off, you can claim a deduction for each asset that cost less than the threshold that applied when the asset was first used or installed ready for use. Different thresholds apply, so make sure you check which one applies to your asset:

You have a turnover less than $10 million, and the asset was first used or installed ready for use in the income year you are claiming it in.

  • $30,000 from 7.30pm AEDT on 2 April 2019
  • $25,000 from 29 January 2019 until before 7.30pm AEDT on 2 April 2019
  • $20,000 before 29 January 2019.

On your tax return, claim your instant asset write-off deduction under ‘Small business entity simplified depreciation’.

The usual rules for claiming deductions still apply. You can only claim the business portion of the expense, and make sure you have records to prove it.

Assets that cost more than the relevant threshold can’t be immediately deducted. You can deduct them over time using the small business pool.

Contact your Tax professional for more information and Advice

What Business assets could be eligible of the instant write off?

  • Work related vehicles
  • Machinery
  • POS and display equipment
  • Hand Tools
  • Websites
  • Restaurant paging systems
  • Storage & refrigeration
  • WI Fi or IT infrastructure
  • VoIP Telephone systems
  • Business use TV and Monitors
  • Digital Signage
  • Security upgrades
  • Audio Visual equipment
  • Networking and Data storage
  • Air conditioners
  • Office furniture
  • Shop fittings and Fitouts
  • Kitchen equipment

Need a New Car?

SPEAK TO A CONSULTANT

Ph: 0418 221 487
Ph: 1300 969 059

Copyright 2018 Commercial Finance
Corporation Pty Ltd .  All rights reserved.
Commercial Finance Corporation Pty Ltd
ABN 21 059 622 356

Australian Credit Licence 394741

Disclaimer- All applications are subject to the Lenders approval and discretion. Rates on offer may change at any time, fees and charges will apply. All Self-Declared loans are only for registered ABN holders. Fees and Conditions will apply

 

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