Our new Instalment Purchase Agreement has been developed for those clients that wish to take advantage of the various benefits available with ownership, whilst still avoiding the initial up-front capital outlay usually associated with a purchase-to-own scenario.
Enjoy fixed payments over a pre-determined period, giving you peace of mind in relation to budgeting and cash flow, while keeping that capital available for other important purchases that can’t take advantage of payment solutions such as this.
On 6 October 2020, as part of the 2020–21 Budget, the government announced that it will target support to businesses and encourage new investment, in part through a temporary full expensing incentive.
Eligible businesses with an aggregated turnover of less than $5 billion can deduct the full cost of new eligible depreciating assets that are first held, and first used or installed ready for use for a taxable purpose, between 7:30pm AEDT on 6 October 2020 (the 2020 Budget time) and 30 June 2023. For small and medium sized businesses (with aggregated turnover of less than $50 million), full expensing also applies to eligible second-hand assets.
This benefit only applies to assets you have purchased, which precludes any assets acquired using traditional commercial finance solutions such as Rental or Finance Lease.
This measure is subject to various eligibility criteria and GST status.
Contact 3E Advantage to find out more about our Instalment Purchase now.