now's the time to buy with the introduction of the governments accelerated depreciation incentive
The government is introducing a time limited 15-month investment incentive to support business investment and economic growth over the short-term, by accelerating depreciation deductions.
A deduction of 50% of the cost of an eligible asset on delivery will apply, with existing depreciation rules applying to the balance of the asset’s cost.
For each new asset, the accelerated depreciation deduction applies in the income year that the asset is first used or installed ready for use for a taxable purpose. You claim the deduction when lodging your tax return for the income year. The usual depreciating asset arrangements apply in the subsequent income years that the asset is held.
Ready to find out more?
Contact your local dealership today.