Increased Instant Asset Write-off up to $150,000

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The recent changes to the instant asset write-off threshold by Federal Government due to COVID-19 could help your farming business.


  • Recently, the Federal Government increased the instant asset write-off threshold to $150,000 (ex GST) up from $30,000, as part of its revamped stimulus package.
  • With the farming sector an essential service during this crisis now could be the perfect time for your business to upgrade its fleet and equipment.
  • Businesses that have an aggregated turn over less than $500 million – which is up from $50 million – are eligible for the Government’s updated instant asset write-off and can only include purchased assets less than $150,000.
  • The instant asset write-off initiative is not limited to one asset, you can purchase as many machines as you need as long as they are individually priced under the $150,000 threshold.


Now is the time to invest. Don't wait until it's too late, offer closes June 30th 2020.


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