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Federal Government Budget 2020 - 2021  Large Image

Federal Government Budget 2020 - 2021

Eligible businesses for the Instant Asset Write-Off (IAWO) will include those with an aggregated annual turnover of less than $5 billion (up from $500 million). The IAWO applies to those carrying on a business and can be applied to the full cost of a new vehicle, with no threshold. An immediate tax deduction will be available on delivery for new vehicles delivered between 6 October 2020 and 30 June 2022.

For businesses with an aggregated annual turnover less than $50 million, IAWO will apply to the full cost of all New or Used vehicles, with no threshold (previously $150,000), providing it is purchased within carrying on a business. An immediate tax deduction will be available on delivery for all new and used vehicles delivered between 6 October 2020 and 30 June 2022. 

Businesses with an aggregated annual turnover between $50 million and $500 million can still apply the IAWO measures announced in August 2020 with a threshold of $150,000 (excluding GST), towards second-hand vehicles/trucks purchased and delivered by 30 June 2021 (previously 30 December 2020). 

Please refer to the following link and seek further independent professional tax advice for your own financial circumstances: https://www.ato.gov.au/General/New-legislation/The-Australian-Government-s-Economic-Response-to-Coronavirus/ 

Contact us today to discuss your options.

Address
2 Aruma St, Regency Park SA 5010
Phone
Sales Operating Hours
Monday - Friday: ONLINE ONLY DURING LOCKDOWN
8:00am - 6:00pm
Saturday: ONLINE ONLY DURING LOCKDOWN
8:00am - 12:00pm
Sunday
Closed
Service Operating Hours
Monday - Friday
7:30am - 6.00pm
Saturday
8:00am - 12:00pm: BY APPOINTMENT ONLY
Sunday
Closed
Parts Operating Hours
Monday - Friday
7:30am - 5:30pm
Saturday
8:00am - 12:00pm
Sunday
Closed

Get Directions
Address
609 South Road, Adelaide SA 5010
Sales Operating Hours
Monday - Friday
8:30am - 5:30pm
Saturday
8:30am - 5:00pm
Service Operating Hours
Monday - Friday
7:30am - 5:30pm
Saturday
8:00am - 12:00pm
Parts Operating Hours
Monday - Friday
7:30am - 5:30pm
Saturday
8:00am - 12:00pm

Get Directions
Address
201a Jubilee Hwy West, Mount Gambier, SA 5290
Sales Operating Hours
Monday - Friday
8:00am - 5:00pm
Saturday
8:00am - 12:00pm (by appointment only)
Service Operating Hours
Monday - Friday
7:30am - 5:30pm
Saturday
8:00am - 12:00pm
Parts Operating Hours
Monday - Friday
7:30am - 5:30pm
Saturday
8:00am - 12:00pm

Get Directions
Address
331 Benetook Ave, Mildura, VIC 3500
Sales Operating Hours
Monday - Friday
8:00am - 5:00pm
Saturday
8:00am - 12:00pm
Service Operating Hours
Monday - Friday
7:30am - 5:30pm
Saturday
8:00am - 12:00pm
Parts Operating Hours
Monday - Friday
7:30am - 5:30pm
Saturday
8:00am - 12:00pm

Get Directions
Address
2 Aruma St, Regency Park SA 5010
Get Directions
Phone
Sales Operating Hours
Monday - Friday: ONLINE ONLY DURING LOCKDOWN
8:00am - 6:00pm
Saturday: ONLINE ONLY DURING LOCKDOWN
8:00am - 12:00pm
Sunday
Closed
Service Operating Hours
Monday - Friday
7:30am - 6.00pm
Saturday
8:00am - 12:00pm: BY APPOINTMENT ONLY
Sunday
Closed
Parts Operating Hours
Monday - Friday
7:30am - 5:30pm
Saturday
8:00am - 12:00pm
Sunday
Closed
Address
609 South Road, Adelaide SA 5010
Get Directions
Sales Operating Hours
Monday - Friday
8:30am - 5:30pm
Saturday
8:30am - 5:00pm
Service Operating Hours
Monday - Friday
7:30am - 5:30pm
Saturday
8:00am - 12:00pm
Parts Operating Hours
Monday - Friday
7:30am - 5:30pm
Saturday
8:00am - 12:00pm
Address
201a Jubilee Hwy West, Mount Gambier, SA 5290
Get Directions
Sales Operating Hours
Monday - Friday
8:00am - 5:00pm
Saturday
8:00am - 12:00pm (by appointment only)
Service Operating Hours
Monday - Friday
7:30am - 5:30pm
Saturday
8:00am - 12:00pm
Parts Operating Hours
Monday - Friday
7:30am - 5:30pm
Saturday
8:00am - 12:00pm
Address
331 Benetook Ave, Mildura, VIC 3500
Get Directions
Sales Operating Hours
Monday - Friday
8:00am - 5:00pm
Saturday
8:00am - 12:00pm
Service Operating Hours
Monday - Friday
7:30am - 5:30pm
Saturday
8:00am - 12:00pm
Parts Operating Hours
Monday - Friday
7:30am - 5:30pm
Saturday
8:00am - 12:00pm