$30,000 Instant Asset Tax Write-Off Australia

Under the new policy, you can immediately deduct the business portion of most depreciating assets costing less than $30,000 each (the instant asset write-off threshold).

This is valid until 30 June 2020.

If you're a business with a turnover from $10 million to less than $50 million you may be eligible for the instant asset write-off for assets purchased from 7.30pm (AEDT) on 2 April 2019. 

Of course, please consult your tax professional or accountant on how this works and applies to your specific circumstances.

With that said, this means you will be able to buy diesel and gas generators from Gogopower for your business. If below $30,000, these assets can be claimed on your tax bill.

If you have any questions regarding generator sets that fit below this price, feel free to contact the Gogopower team.

For more information regarding the write-off, please consult the ATO website.