***Take advantage of the $30,000 Instant asset write-off for tax time***
Using the simplified depreciation rules, assets costing less than the relevant instant asset write-off threshold are written off in the year they are first used, or installed ready-for-use. This threshold applies to each asset irrespective of whether the asset is purchased new or second-hand.
Instant asset write-off thresholds
Date range Threshold for each asset
7:30pm (AEDT) 02/04/2019 to 30/06/2020
$30,000
29/01/2019 to before 7.30pm (AEDT) 02/04/2019
$25,000
7.30pm (AEST) 12/05/2015 to 28/01/2019
$20,000
Make- Toyota
Year- 2004 Model
Model- 7FG25
Lift Height- 4300mm Container mast
Capacity- 2500KG Nominal
Collapse height- 2100mm Collapsed height
Tyres- Solid Tyres
Fuel- LPG
Attachment-Side shift
$16,000+GST