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With the COVID-19 public restrictions your outdoor spaces have never been quieter, so why not take advantage of this quiet period and the governments $150k instant asset write-off and refresh your parks, school grounds and community areas with some new aluminium outdoor furniture!

See our outdoor range @ www.ullrich.com.au/aluminium-seating-and-setting/

(The below information was extracted from https://www.business.gov.au/Grants-and-Programs/30000-Instant-Asset-WriteOff )

Overview

The $150,000 Instant Asset Write-Off provides businesses with an asset write-off of up to $150,000 for assets costing less than the instant asset write-off threshold which are purchased and used in the year that the write-off is claimed.

What are the eligibility criteria?

To be eligible, you must:

  • Have an aggregated turnover of less than $500 million

Assets must:

  • Cost less than the instant asset write-off threshold
  • Be purchased and used in the year the write-off is claimed

How do you apply?

There is no application required. The write-off is applied when you lodge your tax for the relevant year.

Find out more about eligibility and how to apply at Instant Asset Write-Off.

 

 

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