You will find some great offers here. Please check back as new offers are regularly advertised. Please contact your local Toyota Material Handling branch for more information.
Right now, get more at Toyota Material Handling. You’ll enjoy huge savings on new floor stock of Toyota’s legendary 8FG2.5 tonne LPG forklifts. Plus you’ll get a chance to win a new Toyota HiLux SR5, valued at $62,625.*
Contact Toyota Material Handling today, and get more.
*Competition starts 9am (AEST) 1/6/20 & ends 4.50pm (AEDT) 30/09/20. Open to Aust residents 18+ who are authorised by their company to enter and whose company purchase or long term rent (minimum 60 months) any 1 new forklift models 8FG25 from current floor stock between the Promotion Period and delivered within 3 months from a Toyota Material Handling branch. Available to private buyers only. Entrants must complete and return entry form by 5pm 9/10/20 via either MAIL in stamped envelope to “Win A Toyota HiLux SR5 Promotion”, Toyota Material Handling Australia, 8 Secombe Place, Moorebank NSW 2170 or FAX to (02) 8706 6197 or EMAIL to “firstname.lastname@example.org”. 1 entry per purchase. Proof of purchase required. Draw: 9:30am (AEDT) 14/10/20 at 8 Secombe Place, Moorebank NSW 2170. Prize: 1 new 2020 Toyota HiLux 4x4 SR5 2.8 litre Diesel Automatic Double Cab, glacier white, black (cloth trim) interior. Winner to be published in The Australian 15/10/20. Total max prize pool value of $62,625. By entering, entrants agree Promoter may collect their personal info to enable it to provide them with marketing materials by mail, tel & electronic msgs & may share info with its Aust related companies & promotional partners who may also contact entrants in this way. Promoter: Toyota Material Handling Australia Pty Limited (ABN 38 104 644 635) 8 Secombe Place, Moorebank NSW 2170. Offer subject to change without notice and whilst stocks last. Images used for illustration purposes only. SA permit: T20/562 ACT permit: ACT TP 20/00659 NSW permit: LTPS/20/43664
Using the instant asset write-off, you can claim a deduction for each asset that costs less than the threshold that applied when the asset was first used or installed ready for use. Different thresholds apply, so make sure you check which one applies to your asset:
BENEFIT — deduction of 50 per cent of the cost of an eligible asset on installation, with existing depreciation rules applying to the balance of the asset’s cost;
ELIGIBLE BUSINESSES — businesses with aggregated turnover below $500 million; and
ELIGIBLE ASSETS — new assets that can be depreciated under Division 40 of the Income Tax Assessment Act 1997 (i.e. plant, equipment and specified intangible assets, such as patents) acquired after the announcement and first used or installed by 30 June 2021. Does not apply to second-hand Division 40 assets, or buildings and other capital works depreciable under Division 43.
On your tax return, claim your instant asset write-off deduction under 'Small business entity simplified depreciation'.
The usual rules for claiming deductions still apply. You can only claim the business portion of the expense, and make sure you have records to prove it.
Assets that cost more than the relevant threshold can't be immediately deducted. You can deduct them over time using the small business pool.
Until 31 December 2020, businesses with a turnover from $50 million to less than $150 million can also use the instant asset write-off.
Remember, registered tax agents can help you with your tax.
Please note: The information provided is of a general nature and does not take into account your personal needs and financial circumstances. Nothing constitutes or should be considered to constitute legal, taxation or financial advice. Before making a decision about any of the products or services featured, you should consult with your own independent legal, taxation and financial advisors, who can advise you about your personal circumstances.