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

BUSINESS INVESTMENT EXTENDED

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 December 31 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 December 31 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.

Contact Us

  • This field is for validation purposes and should be left unchanged.
UD PW24280 Full Mine Spec Water Cart
Mack Trident Prime Mover May to September 2020
2020 BBB Range

Quick Links

Truck Centre WAFollow

Truck Centre WA
tcwafanpageTruck Centre WA@tcwafanpage·
20 Oct

From scheduled maintenance to 100% uptime guaranteed, a Volvo Service Agreement keeps you on the road. See how it can help maximise uptime and reduce total cost of ownership. Talk to our team today on FREECALL 1800 199 517. #volvotrucks #truckcentrewa

http://ow.ly/oc2z50BX9Kq

Reply on Twitter 1318492407571374080Retweet on Twitter 1318492407571374080Like on Twitter 1318492407571374080Twitter 1318492407571374080
tcwafanpageTruck Centre WA@tcwafanpage·
19 Oct

Contact us today on how we can help you get into a new UD Truck! Finance options available. Find us at our brand new dealership located at 291 Berkshire Road, Forrestfield. #udtrucks http://ow.ly/GiCH50BVQ25

Reply on Twitter 1318022287594061824Retweet on Twitter 1318022287594061824Like on Twitter 13180222875940618241Twitter 1318022287594061824
tcwafanpageTruck Centre WA@tcwafanpage·
16 Oct

With unparalleled safety features, class leading productivity, fuel efficiency and uptime, plus our nationwide support - this is unquestionably UD Truck's best offer yet. Talk to our UD Trucks team today on 1800 199 517 for more information. http://ow.ly/V0Ft50BU371

Reply on Twitter 1316976394233139201Retweet on Twitter 1316976394233139201Like on Twitter 1316976394233139201Twitter 1316976394233139201
tcwafanpageTruck Centre WA@tcwafanpage·
16 Oct

PORT HEDLAND AND SURROUNDS - WE ARE HIRING!
We are looking for motivated individual with outstanding administrative and customer service skills to join our Port Hedland team. Family owned and operated. http://ow.ly/Irq950BTY64

Reply on Twitter 1316908533879812098Retweet on Twitter 1316908533879812098Like on Twitter 1316908533879812098Twitter 1316908533879812098
Load More...

Connect with Us

Compare