Instant asset write-off scheme applies to Cat® generators and engines
NOW EXTENDED TO DEC 2020 – The Australian Government has decided to increase the tax write-off threshold from $30,000 to $150,000.
When you buy a New or Used Cat® genset or a Cat® marine or industrial engine, you may be able to take advantage of the Government’s latest stimulus package.
You may also have the whole purchase financed through Cat® Financial.
It is a struggle for small business owners during these challenging times and you can benefit from immediate deductions of up to $150,000.
You may be able to claim the deduction through your tax return, in this financial year.
This scheme expires December 31st 2020, this is your best time ever to buy a new or used generator or engine for your business.