Maximise your tax benefit with Elders

The Australian Tax Office has recently announced that as of 12 March 2020, the instant asset write-off threshold amount for each asset has increased to $150,000 (up from $30,000). The business turnover threshold has also increased to an aggregated turnover of less than $500 million (up from $50 million).^

In light of this change, you may want to take advantage of the increased benefit available and take the opportunity to purchase new farm equipment before the end of the financial year.^

Elders has a large range of farming products and equipment to suit your specific needs and requirements, including:

• Feeders
• Crushes
• Water tanks
• Fencing
• Electric Fencing
• Weighing and scales
• Farm management system

^The above information is general information only. It is not tax advice and does not take into account your individual circumstances. You should consult your accountant, tax advisor or legal adviser in relation to the instant asset write off and your own personal circumstances before making any purchase.

More information on the instant asset write off can be found on the Australian Tax Office website here.