phone icon Get a Quote Dollar Icon Book a Service Spanner Icon Specials Discount Tag Icon Search our Stock Icon Search our Stock Icon location marker icon location marker icon location marker icon for Locate a Dealer Icon arrow down icon of Facebook logo icon of Twitter logo icon of YouTube logo icon of LinkedIn logo icon of Google+ logo Icon of Instagram Logo icon of Pintarest logo Question Mark in a Circle Icon Download a Brochure Icon Book a Test Drive steering wheel Icon icon of Share logo View Right Arrow Icon of Left Arrow Icon of Double Left Arrow Icon of Right Arrow Calculator Icon Calculator Icon Icon of 3 Horizontal Lines Icon of a 4 square Quandrant Icon of a car Hand Offering Cash Icon Envelope Icon List Symbol of Lines and Dots Icon Calculator Icon Icon of two cars from the front Icon of square speech bubble with dollar symbol Book a Test Drive steering wheel Icon Get a Quote Dollar Icon Icon of a magnifying Glass Icon of a Dollar Symbol Video Click to Start Icon Printer Icon Close Button X Close Button Circle X Icon of 3.5 star rating Icon of 4 star rating Icon of Empty Star Outline Icon of Filled Star Icon of Half Filled Star Icon of Specials Tag and Star Icon of a Left Arrow for a Carousel Icon of a Right Arrow for a Carousel Icon of a Add to Compare Clock Speed Clock Speed Clock Speed Clock Speed Icon of a truck Icon of a machinery Icon of a skis Icon of a bike Powered by I-Motor - link to I-Motor website Icon of Arrow Pointing Left Icon of Home Used on Error Pages Icon of Llewellyn Motors Finance
Enquiry
Offers
Our Stock
Service
Address
783-797 Flinders Street, Townsville QLD 4810
Get Directions
Phone
Sales Operating Hours
Monday - Friday
8:00am - 5:30pm
Saturday
8:30am - 1:00pm
Service Operating Hours
Monday - Friday
7:30am - 5:00pm
Saturday
Closed
Parts Operating Hours
Monday - Friday
8:00am - 5:00pm
Saturday
8:30am - 11:30am

2020 Economic Stimulus Package

Did you know the Federal Government has increased the instant asset write-off from $30,000 to $150,000? 

From now until June 30 2020, you can use the instant write-off to claim an immediate deduction when you purchase a new or used car.

As 30 June 2020 is only three months away, you will need to act quickly to take full advantage of this measure. Where the asset is not purchased and used by 30 June 2020, the second measure introduced by the Government regarding accelerated depreciation may alternatively be of benefit.

Accelerated depreciation deduction

The Government has additionally introduced an accelerated depreciation deduction incentive for businesses with an aggregated annual turnover of less than $500 million. This will be relevant for eligible expenditure that does not fall within the above instant asset write-off, either because the item exceeds the $150,000 threshold or the item is not first used by 30 June 2020.  

Businesses will be eligible to deduct 50% of the cost of an ‘eligible’ asset on installation, with existing depreciation rules applying to the balance of the asset’s cost.  

‘Eligible’ assets subject to this measure refer to new assets acquired that can be depreciated under Division 40 of the Income Tax Assessment Act 1997 (i.e. plant, equipment and specified intangible assets) acquired after the announcement and first used or installed by 30 June 2021.

Notably, this incentive does not apply to:

  • Second-hand Division 40 assets, or
  • Buildings and other capital works that would be depreciable under
    Division 43.

Find out more - https://treasury.gov.au/sites/default/files/2020-03/Fact_sheet-Support_for_business_investment.pdf 

Address
783-797 Flinders Street, Townsville QLD 4810
Phone
Sales Operating Hours
Monday - Friday
8:00am - 5:30pm
Saturday
8:30am - 1:00pm
Service Operating Hours
Monday - Friday
7:30am - 5:00pm
Saturday
Closed
Parts Operating Hours
Monday - Friday
8:00am - 5:00pm
Saturday
8:30am - 11:30am

Get Directions