Government Economic Stimulus Package
in response to Corona Virus delivers support for

BUSINESS INVESTMENT

Available to customers RIGHT NOW
with an annual turnover of less than $500M

$150,000 Instant Asset Write Off

  • Applies to any eligible assets purchased. Including trucks, trailers, bodies, etc (as long as invoiced separately and the GST exclusive amount per asset is less than the $150k threshold)
  • The cost of each truck can be used to reduce a company’s taxable income by the amount paid (GST exclusive) for the truck
  • Trucks must be invoiced and paid for by June 30 2020
  • Companies can purchase applicable trucks with cash or by using a chattel mortgage (operating lease or finance lease would not give ownership as required under this incentive)
  • Trucks can be new or used
  • There is no limit on how many trucks are purchased. The $150k limit is on each truck but multiple trucks could be purchased as long as they are all individually less than $150k Customers need to act fast. Trucks need to be delivered and paid for by June 30 2020

15 Month Investment Incentive

  • Applies to any eligible assets. Including trucks, trailers, and bodies
  • There is no upper limit on the cost of the trucks under this incentive and there is no limit on the number of trucks purchased
  • 50% of the purchase price can be used as an immediate tax deduction with existing depreciation rules applying to the balance of the trucks cost base
  • NEW assets only (not used assets)
  • Companies can purchase applicable trucks with cash or by using a chattel mortgage (operating lease or finance lease would not give ownership as required under this incentive)
  • This incentive can be used in conjunction with the instant asset write off above if customers buys some trucks for less than $150k and some trucks for more than $150k
  • This incentive runs from NOW until June 30 2021 which is an additional 12 months after the $150k instant asset write off

Disclaimer: All information is general in nature and is not advice. Customers should be referred to their accountant or tax advisor and consider their individual circumstances before making a final purchase decision.

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Truck Centre WA
tcwafanpageTruck Centre WA@tcwafanpage·
3 Apr

What an amazing journey! Little Miss is a 1948 EF Mack that was used in New York to deliver kerosene to apartment complexes in the 40's and 50's. She was then retired, restored and sat in the foyer of a company's high rise in New York for 16 years. https://t.co/cEb6tkvLAU

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tcwafanpageTruck Centre WA@tcwafanpage·
3 Apr

Our truck drivers are working hard to deliver essential goods we need to get through this epidemic. 'Keep Them Open' is a joint campaign by the ATA and Big Rigs to work with truck stops and roadhouses to encourage them to keep their facilities open. https://t.co/MnkGinAd1W

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tcwafanpageTruck Centre WA@tcwafanpage·
3 Apr

Our NEW trading hours for all Truck Centre WA branches are now available for viewing. Contact your closest Truck Centre WA branch for parts or to book your truck and trailer for servicing. For regular updates, please visit our website. https://t.co/YGj27d8Frj

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tcwafanpageTruck Centre WA@tcwafanpage·
3 Apr

Our 2020 Easter Trading Hours for all Truck Centre WA branches are now available for viewing. For 24/7 Emergency Assistance, please contact our team on 1300 92 82 92 from anywhere in Western Australia, at any time. #keepingtrucksmoving #truckcentrewa https://t.co/MdeW88x3FK

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