Now is the time to consider eligible purchases for the $20,000 instant asset write off (ahead of end of financial year). If you get in early, we can ensure your order is delivered prior to 30 June!
This $20,000 limit applies to each individual item, however it can also apply to as many individual items as you wish. Consider individual assets such as a Sheep or Cattle Loading Ramp, Rotary Force or Adjustable Tapered Drafting Race. Apply this limit to as many individual assets as you want and make up a full set of yards!
*Watch this space* A further increase to $30,000 and eligibility criteria expanded from operations with less than $10 million in annual revenue to those with less than $50 million…due to pass legislation prior to June 30 following Budget 2019.
There has never been a better time to improve your stockyard infrastructure – an asset for the next 50 years! Please contact us if you would like to discuss how we can structure your new stockyard purchase to take advantage of this tax incentive.
This offer ends June 30th, 2019.
Further information on accelerated depreciation is available on the ATO website, or speak to your accountant or financial planner about your eligibility.
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Phone: 1800 805 292