The Instant Asset Write Off is a Government tax deduction aimed to boost the economy by promoting spending by business. 

To view the full incentive please go to to the Australian Tax Office website: www.ato.gov.au 

 

The Instant Asset Write Off – extension granted until 31st December 2020.

 

The good news is that the Government has decided to extend the Instant Asset Write Off deduction to further stimulate the economy until 31st December 2020. So if you do need to upgrade or purchase new business equipment we would love to help you take advantage of this tax saving.

A recap of the Instant Asset Write Off tax deduction:

  • Eligible assets up to $150,000
  • No limit to the number of assets written off
  • Business with aggregated annual turnover of less than $500 million
  • Settlement before 31st December 2020

We pride ourselves on being able to source the best funding option for your business – and quickly.

Magnolia Lane is accredited with the full suite of lenders to assist you and arrange a fully tailored solution. (See our products page for full list of products and lenders: https://www.magnolialane.net.au/products/)

We would love to chat with you if you need any assistance with your finance arrangements or if you just are looking for someone to speak to about your business plans in general.

Please don’t hesitate to contact us on (02) 8287 3000 or email brokerteam@magnolialane.net.au. Or make an enquiry through our site and we will come back to you: https://www.magnolialane.net.au/contact/

At Magnolia Lane we pride ourselves on helping our clients grow and succeed.