Instant Asset Write-off

This Budget contains the largest ever incentive for Australian businesses to invest. Those businesses that can grab the opportunity to bring forward critical capital spend will see a long-term boost to after tax profitability and set themselves up for long-term success.

For the first time ever, the instant asset write-off facility has been expanded to permit eligible businesses to deduct the full value of business assets purchased before 30 June 2022.
To be eligible, businesses must turnover less than $5bn.
The measure is effective 6th October 2020.

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Hilux Car with Helix Capital's Instant Assest Write-off

What this means for your business

The revised instant asset write-off initiatives will deliver a huge boost to Australian businesses. The ability to deduct the full value of assets supports businesses to think ahead to growth.
Making plans for the next 3–5 years will be the key to your businesses taking full advantage of the facility.

There is a big rise in demand for Australian-made goods. Australia is built on the activities of small to medium sized business enterprises, the time is now to write off new investments and increase efficiencies with updated equipment. This measure shows the government’s commitment to restoring business confidence and leading with a business-first approach to economic repair and rebuild.

Helix Capital supports the access by its client to the instant asset write-off by offering financial structures to minimise outward cashflows and spread re-payments over multiple financial years.

This is a multiple win for business that can now write-off new investments, increase efficiencies with updated equipment.

Those businesses that can grab the opportunity to bring forward critical capital spend will see a long-term boost to after tax profitability and set themselves up for long-term success.
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Address

Helix Capital Pty Ltd
64 Tennyson Road
Mortlake, NSW 2137
Australia

Instant Asset Write-off

What this means for your business

Address

Contacts

sales@helixcap.com.au
+61 (0) 426 238851

Instant Asset Write-off

What this means for your business

Address

Contacts

sales@helixcap.com.au +61 (0) 426 238851

sales@helixcap.com.au
+61 (0) 426 238851