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$20,000 Instant Asset Write-off

The write-off threshold of $20,000 has been extended to 30 June 2018.

If you buy an asset and it costs less than $20,000, you can immediately deduct the business portion in your tax return. The $20,000 threshold applied from 12 May 2015 and will reduce to $1,000 from 1 July 2018.

You are eligible to use simplified depreciation rules and claim the immediate deduction for the business portion of each asset (new or second hand) costing less than $20,000 if:

>> You have a turnover less than $10 million (increased from $2 million on 1 July 2016), and

>> The asset was first used or installed ready for use in the income year you are claiming it in.

Assets that cost $20,000 or more can’t be immediately deducted. They will continue to be deducted over time using the general small business pool. You write-off the balance of this pool if the balance (before applying any other depreciation deduction) is less than $20,000 at the end of an income year.

Remember, registered tax agents and BAS agents can help you with your tax.

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EOFY

2018 EOFY Farm Clearance

Australian farmers and small business owners are at the forefront of mind with Bunbury Suzuki’s End of Financial Year Clearance Sale! With easy finance & insurance available to approved applicants,15% off all accessories with free fitting at time of purchase & 10% VIP Customer discount on future spare parts & accessories sales there is no better time to get yourself a new farm tool before tax time.

We are also proud to be able to offer a full three years factory warranty on all of our ATV Farm products.

Free delivery to Perth & surrounding suburbs on all models.

Model Line-Up

EOFY RIDE AWAY ON TROJAN – $4,290.00 Inc GST

EOFY RIDE AWAY ON OZARK 250 – $5,490.00 Inc GST

EOFY RIDE AWAY ON KINGQUAD 300 4×4 – $7,490.00 Inc GST

EOFY RIDE AWAY ON KINGQUAD 400FSI 4×4 – $9,290.00 Inc GST

EOFY RIDE AWAY ON KINGQUAD 400ASI 4×4 – $9,290.00 Inc GST

EOFY RIDE AWAY ON KINGQUAD 500AXI 4×4 – $10,490.00 Inc GST

EOFY RIDE AWAY ON KINGQUAD 500AXI 4×4 POWER STEERING – $11,290.00 Inc GST

EOFY RIDE AWAY ON KINGQUAD 750AXI 4×4 POWER STEERING – $12,490.00 Inc GST

EOFY RIDE AWAY ON KINGQUAD 750AXI 4×4 POWER STEERING CAMO – $13,490.00 Inc GST

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