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Hyster® Equipment Under $20K May Qualify For Immediate Tax Incentives

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SYDNEY, AUSTRALIA (Jun. 07, 2016)

Hyster® Equipment Under $20K May Qualify For Immediate Tax Incentives

New Federal Government tax incentives recently passed through parliament let qualifying small businesses claim immediate tax deductions on equipment purchases less than $20k. For small businesses with warehousing requirements this is the best time to buy new Hyster equipment with its range of Pedestrian Pallet Trucks and Reach Trucks – among the toughest on the planet.

 The incentives are available until 30th June, 2017 for businesses whose annual turnover is less than $2 million. Businesses must have an ABN and be able to show they have been operating continuously with quarterly business statements.

The incentives were announced as one of the Government's big ticket budget items in May and now that they have been declared as official, both Small Business Minister Bruce Billson and Treasurer Joe Hockey have said they should give small businesses' purchasing plans a fresh outlook.

You might want to consider the Hyster pallet truck model P2.0, whose ideal combination of ergonomic features and consistent performance makes moving heavy loads seem like a walk in the park. Also within the price bracket is the Hyster® W20-30ZA Walkie Stacker, a motorized pallet truck which gives you big capacity and productivity with the operational costs of a walkie rather than a rider. Hyster Walkie Stacker features superior ergonomics with the versatility of user selectable performance modes.

When you buy Hyster®, you are tapping into a world-wide company that takes an international approach to machinery design, manufacturing and supply chain management. As the same state-of-the-art manufacturing techniques and processes are applied across its production sites around the globe, Hyster Co.'s aftermarket support and spare parts distribution is second to none.

If you decide upon a product beyond the $20k price bracket, you will still be able to pool and depreciate your purchase at the same rate. Those types of equipment purchases will be depreciated at $15% in the financial year and then at 30% from then on.

Move your business to the next level with Hyster® trucks

So why not take advantage of the new tax incentives by upgrading your materials handing solution to new Hyster trucks? Consult your tax advisor to determine whether your business qualifies for this new Federal Government incentive.

There is a Hyster pallet truck to suit any kind of operation and the trucks are known for their reliability and energy efficiency – even when used for the most demanding warehouse applications.   

These statements are not, and should not be taken as, tax advice. Consult your tax advisor or attorney to assess whether your business qualifies for the new Federal Government tax incentives.

These statements are exemplary and are not, and should not be taken as, tax advice. Consult your tax advisor or attorney to assess depreciation amounts and time-frames for new equipment purchases.