A lot goes into
a G10 Van
LDV has a global reputation for building world class commercial vehicles and the LDV G10 Van is no exception. In fact, nothing in its class comes close to matching the G10 for value and performance.
The G10 is available with a petrol or diesel engine, and with a manual or automatic transmission. It is spacious enough to fit 5.2m3 of cargo and offers easy access through two sliding doors and a rear lift tailgate. Plus it comes with Bluetooth, alloy wheels and a rear camera.
And all of this for a price that makes the G10 Van the best value one tonne van in Australia.
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Federal Government Budget 2020 - 2021
Instant Asset Write-Off
Eligible businesses for the Instant Asset Write-Off (IAWO) will include those with an aggregated annual turnover of less than $5 billion (up from $500 million). The IAWO applies to those carrying on a business and can be applied to the full cost of a new vehicle, with no threshold. An immediate tax deduction will be available on delivery for new vehicles delivered between 6 October 2020 and 30 June 2022.
For businesses with an aggregated annual turnover less than $50 million, IAWO will apply to the full cost of all New or Used vehicles, with no threshold (previously $150,000), providing it is purchased within carrying on a business. An immediate tax deduction will be available on delivery for all new and used vehicles delivered between 6 October 2020 and 30 June 2022.
Businesses with an aggregated annual turnover between $50 million and $500 million can still apply the IAWO measures announced in August 2020 with a threshold of $150,000 (excluding GST), towards second-hand vehicles/trucks purchased and delivered by 30 June 2021 (previously 31 December 2020).
Please refer to the following link and seek further independent professional tax advice for your own financial circumstances: https://www.ato.gov.au/General/New-legislation/The-Australian-Government-s-Economic-Response-to-Coronavirus/
Contact us today to discuss your options.