Do You Have A Tax Bill?

We understand that this is a challenging time for many of our customers. Please know that Penrith Toyota is continuing to support you during this time. Not only are we here to help, but the Federal Government have released a stimulus package including incentives for businesses with less than $500 million turnover. The two-part package involves an increase to the instant asset write-off threshold and accelerating depreciation deductions.

Are You An ABN Holder?

The instant asset write-off threshold has been increased to $150,000 until 30 June
This applies to new or second-hand assets installed in businesses from 12 March to 30 June 2020.

Also, businesses will now be able to deduct an additional 50% of an asset cost in the year of purchase from 12 March 2020 until 30 June 2021.
This is designed to support business investment and economic growth over the short term

To simplify the facts:

  • The instant asset write off is an existing scheme which allows assets costing less than the threshold to be fully written off (using the simplified depreciation rules)in the year they are first used*
  • Under the stimulus package, the threshold for individual assets will be increased from its current level of $30,000 to $150,000*
  • The eligibility of businesses able to take advantage of this increase from $50 million turnover up to $500 million turnover*
  • There is no limit to the number of assets claimed under the $150,000 limit*
  • The scheme will run until the end of the financial year i.e. 30 June 2020*

Check Out Some Eligible Vehicles

Hilux

HiLux 4x2 WorkMate

$24,490 driveaway[D1]

Single-Cab Cab-Chassis | Petrol | Manual

Toyota fitted General Purpose Alloy Narrow Tray Included.

  • 2.7L petrol engine with 5-speed manual transmission
  • 16" steel wheels
  • 7 SRS airbags 

Enquire Now   View Stock

HiLux

HiLux 4x2 WorkMate

$30,990 driveaway[D1]

Single-Cab Cab-Chassis | Turbo-Diesel | Manual

Toyota fitted General Purpose Alloy Narrow Tray Included.

  • 2.7L petrol engine with 6-speed manual transmission
  • 17" steel wheels
  • 7 SRS airbags 

Enquire Now   View Stock

HiLux

HiLux 4x4 WorkMate

$44,990 driveaway[D1]

Double-Cab Pick-Up | Turbo-Diesel | Auto

  • 2.4L turbo diesel engine
  • 17" steel wheels
  • Reversing camera

Enquire Now   View Stock

HiLux

HiLux 4x4 SR

$47,990 driveaway[D1]

Double-Cab Pick-Up | Turbo-Diesel | Auto

  • 2.8L turbo diesel engine
  • 7" colour touchscreen display with Toyota Link[TL1]
  • Multi Information Display (MID)

Enquire Now   View Stock

HiLux

HiLux 4x4 SR5

$54,990 driveaway[D1]

Double-Cab Pick-Up | Turbo-Diesel | Auto

  • 2.8L turbo diesel engine
  • 18" alloy wheels
  • Satellite navigation

Enquire Now   View Stock

HiLux

HiLux 4x4 Rogue

$63,990 driveaway[D1]

Double-Cab Pick-Up | Turbo-Diesel | Auto

  • 2.8L turbo-diesel engine
  • 18" Rogue alloy wheels
  • Tow bar, tow ball and tongue. Trailer wiring harness (7 pin flat)

Enquire Now   View Stock

Who is eligible?

Businesses with a turnover of less than $500 million that are purchasing new depreciable assets. Eligible assets covered are new assets that can be depreciated under Division 40 of the Income Tax Assessment Act 1997.

It's important to note, that second-hand assets are not eligible for the depreciation initiative

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Kilometres
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Transmission
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Kilometres
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VIN
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Transmission
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Kilometres
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VIN
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$50,990
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Kilometres
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$60,882

$51,990
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New Vehicles Location

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Penrith Toyota

New Vehicles

95 Great Western Highway
Kingswood, NSW 2747

Phone
02 8805 9500
Fax
02 8805 9419
Manager
Harry Klimis

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Department Trading Hours

Monday
8:30 AM - 5:30 PM
Tuesday
8:30 AM - 5:30 PM
Wednesday
8:30 AM - 5:30 PM
Thursday
8:30 AM - 5:30 PM
Friday
8:30 AM - 5:30 PM
Saturday
8:30 AM - 5:30 PM
Sunday
10:00 AM - 5:00 PM