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Instant Asset Write-Off for Businesses Extended

9 July 2020

Australian Government has extended the $150,000 'Instant Asset Write-Off'

Great news! The Australian government has extended the $150,000 'Instant Asset Write-Off' for Australian businesses.

Changes:

From 12 March 2020 until 31 December 2020 the instant asset write-off:

  • threshold amount for each asset is $150,000 (up from $30,000)
  • eligibility has been expanded to cover businesses with an aggregated turnover of less than $500 million (up from $50 million).

See more information on these changes on the ATO website here.

Who Totally Cares About Australian Farmers? Totalspan Does!

Take advantage of the Governments $150,000 Asset Write Off incentive by purchasing a Totalspan shed before 31 December 2020.

Totalspan offers a large range of Farm Sheds, Rural and Equine Buildings. Best of all, we can customise your design so you get the shed that works for your farming business.

Our buildings are not just engineered strong, they are engineered to keep you, your family and your business safe. 

Contact your local Totalspan Shed Specialist today on 1300 15 15 25.