Platform Sales
Machinery Sales Australia
If you have delayed purchasing equipment, NOW is the time to take advantage of the Government’s $150,000 Instant Asset Write Off and 50% Instant Depreciation initiatives.
Late last week, the Government announced an Economic Stimulus package in response to the effects of the Coronavirus outbreak on the Australian economy and small business.
$150,000 Instant Asset Write Off
Eligible assets will be able to be written off for this financial year meaning that you will pay less in tax. Any new or used equipment with a purchase price of up to $150,000 (excluding GST) purchased and installed between 12 March and 30 June 2020 will be eligible. There is no limit to the number of assets purchased that can be written off under this program.
You can purchase multiple assets which total more than $150,000 so long as each individual asset is less than $150,000. Be aware that the write off is up to $150,000 or $149,999.99. Businesses with an aggregated annual turnover of less than $500 million will be eligible until 30 June 2020.
This is a short term opportunity offered by the Government.
From 1 July 2020, this offer will no longer be available and the instant asset write off will return to the normal amount of only $1,000 for businesses with a turnover of less than $10 million.
New Equipment Eligible for the 50% Instant Depreciation
Eligible assets purchased and installed from 12 March 2020 and 30 June 2021 will be eligible for a 50% instant depreciation.
Businesses with an aggregated annual turnover of less than $500 million will be eligible until 30 June 2021. New assets only. This incentive is available for 15 months.
Is the Government really giving businesses $25,000?
No businesses will not receive $25,000 cash. Instead, the ATO will credit eligible businesses’ activity statement, starting 28 April 2020.
Businesses with an aggregated annual turnover under $50 million will be eligible. There is a minimum payment of $2,000 and a maximum of $25,000 over six months depending on when you lodge your activity statements. This payment will be tax free.
$3,000 OFF CTE Spider Lifts
Applies to any CTE Traccess spider lift series (new shipment of T170 and T230 has just landed!) purchased before 25 Dec 19.
*Terms and Conditions apply
Platform Sales Australia have an extensive after-sales service network throughout Australia to support you when you need it most.
Our highly trained and qualified service engineers can provide the expertise required to keep any make or model machine, in the best working order for consistently safe and efficient performance.
