INSTANT ASSET WRITE OFF2020-04-16T15:03:46+10:00

$150K Instant Tax Write Off and

50% Instant Depreciation Reduction

$150,000 INSTANT ASSET WRITE OFF

Please read the information outlined on the Australian Taxation Office website here for detailed information, eligibility and rules before commencing any negotiations.


  1. Any eligible asset (vehicles, machinery etc) with a purchase price of $150,000 or less (excluding GST) acquired from March 12th to June 30th 2020
  2. Asset can be NEW or USED
  3. The $150,000 limit is available for each individual asset and therefore multiple assets (totalling more than $150,000) can be claimed under this arrangement
  4. There is NO LIMIT to the number of assets acquired under this initiative
  5. Assets can be purchased outright or financed on Chattel Mortgage or CHP (Finance Lease will not work for this initiative)
  6. FAST TRACK (No Financials) Finance is available on most assets across a broad range of Financiers
  7. This initiative is ONLY available until June 30 2020 and as such is a very small window of opportunity

50% INSTANT DEPRECIATION WRITE OFF (ON ASSETS OVER $150,000)


  1. Any eligible asset (vehicles, machinery etc) with a purchase price GREATER THAN $150,000 (excluding GST) acquired from March 12th to June 30th 2021
  2. Assets MUST be NEW (NOT USED)
  3. There is NO LIMIT to the number of assets acquired under this initiative
  4. Assets can be purchased outright or financed on Chattel Mortgage or CHP (Finance Lease will not work for this initiative)
  5. FAST TRACK (Replacement Policy) Finance is available on many of these larger assets across a broad range of Financiers
  6. This initiative is available until June 30 2021
  7. This extended initiative will also be applicable to assets of $150,000 or less for an extra year once the $150,000 Instant Asset Write Off has expired on June 30 2020.

The team at Nick Theodossi Prestige Cars is here to help any customers put in place any finance approvals which may be needed to take advantage of the significant tax breaks available under these programs. Please contact us at anytime on (03) 9373 7777 or email us here.