Take advantage of the $150K asset write-off

Updated: Jun 22

UPDATE: The IAWO cut-off has been extended by six months to 31 December, 2020, by the Federal Government to help businesses and sole-traders help improve cash flow.


If you’re self-employed, do not miss your opportunity while the IAWO threshold has been temporarily lifted to $150,000 (previously $30,000). Assets can be new or second-hand, and must be acquired prior to 31 Dec 2020.





If you’ve been thinking of buying a new work car, IT equipment, or other business equipment, now is the perfect time!


Why now?

• Increase in asset write-off threshold to $150,000

• Lowest ever interest rates

• Reduce the amount of tax you pay


Eligibility

• Small to medium sized enterprises with annual turnover of up to $500 million

• Businesses have until 31 Dec 2020 to take advantage

• Cost of assets under the $150K threshold

• Businesses claim a tax deduction for the business portion of the expense in the first year the asset is used


How to take advantage

Legal Home Loans offer a complimentary car sourcing and asset finance service. We source the vehicle on your behalf, negotiate price, value your trade-in, coordinate insurance, and deliver your new vehicle right to your door. Take advantage of the IAWO without any hassle or effort.



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AMJ Financial Pty Limited trading as Legal Home Loans ABN 22 620 226 520. Credit Representative Number 500773 is authorised under Australian Credit License Number 389328. This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.  CONTACT DISCLAIMER:​ The privacy of your personal information is important to us. By providing your personal information to Legal Home Loans, you consent to be contacted by a representative of Legal Home Loans from time to time for marketing purposes. We will use your contact details to send you direct marketing communications including offers, updates and newsletters that are relevant to the services we provide. We may do so by mail or electronically. You can unsubscribe from by notifying us and we will no longer send this information to you. For more information, please refer to our Privacy Policy.  Copyright © 2020 by Legal Home Loans Pty Ltd