Increase to Instant Asset Write-Off Threshold
You have until June 30 2020
If you were sitting on the fence about whether to buy your Pioneer Water Tank before the end of financial year, this should help make up your mind!
As of Thursday 12 March 2020, the instant asset write-off threshold has been increased from $30,000 (for businesses with an aggregated turnover of less than $50 million) to $150,000 (for businesses with an aggregated turnover of less than $500 million) until 30 June 2020.
This means that business assets bought by June 30 may be written off in your tax return.In other words: now is the perfect time to get your hands on that rainwater tank!
“The instant asset write-off has increased from $30,000 to $150,000.”
It's good to see the Government doing their bit to help business owners during this time. The Pioneer team is dedicated to making the most of a tough situation, and this opportunity is excellent for those wanting to increase water storage while being smart with finance, or those simply looking to establish a self-sufficient and reliable water supply.
If you are seeking a water tank purchase, please get in touch with our team to ensure delivery before 30 June 2020.
Contact us today.