Low Interest Rates From 3.85% Fixed – 4.91% Comp Rate
Increased Instant Asset Write-Off
The Government has lifted the threshold to $150,000 for assets that are either installed or ready for first use by 30 June 2020.
According to business.gov.au, the Instant Asset Write-off scheme provides 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 new proposal applies from 12 March 2020 until 30 June 2020, for new or second-hand assets first used or installed ready for use in this timeframe.
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