The time to buy a new or used truck has never been more in your favour with the Federal Government’s new Economic Stimulus Package.
As announced by the Federal Government, businesses with an annual turnover of up to $500 million now have the opportunity to take advantage of several stimulus initiatives.
$150,000 INSTANT ASSET WRITE OFF
Applicable to any eligible new or used truck with a purchase price of up to $150,000 (excluding GST), acquired from 12 March to 30 June 2020.
50% ACCELERATED DEPRECIATION DEDUCTIONS
Applicable to any eligible new truck with a purchase price greater than $150,000 (excluding GST), acquired from 12 March to 30 June 2021.
Please note that the information provided is general in nature and all customers must seek their own independent tax advice and accounting advice before making a vehicle purchase.