Farms & Farm Machinery #385

EOFY
Assets up to $150,000 in value can be written off against tax
up until June 30, this year, as part of a revamped stimulus
package – and there’s plenty available at that price
Instant write-off
With agriculture considered 2020, the instant asset write-off will only
an essential service during be available for small businesses with a
the Covid-19 outbreak, a revamped turnover of less than $10 million and the
government stimulus package could threshold will be $1,000.
mean now is the perfect time to upgrade On top of this, the government will
your fleet and equipment
also accelerate depreciation deductions
The Federal Government has increased for the next 15 months under its
the threshold for instant asset tax new ‘backing business incentive’ for
write-offs from the normal $30,000 new plant, equipment and specified
to $150,000, for businesses with an intangible assets such as patents.
aggregated turnover of less than $500 Under the incentive, businesses
million – up from the normal $50 million. will be able to deduct 50 per cent
The changes mean eligible Australian of the cost of an eligible asset on
businesses can write off the cost of installation, with existing depreciation
assets priced under the threshold rules applying to the balance of the
and can claim a tax deduction for the asset cost.
business portion of the asset cost in the This applies to assets acquired after
year it is installed or first used
March 12, 2020 and first used or
Both new and second hand assets are installed by June 30, 2021.
eligible, and the write-off is not limited Second hand assets will not be
to one asset – you can purchase as eligible for this offer, nor will companies
many machines as you need as long as with an aggregated turnover of over
they are individually priced under the $500 million.
$150,000 threshold.
At TradeFarmMachinery.com.au,
The instant asset write-off is only we’ve got some fantastic tractors under
available until June 30, 2020. From July 1, $150,000 that we think will suit.
2009 Case IH
STX535HD
Steiger tractor
$130,000
Location WA
Call 08 6500 0956
This lovely Case IH STX535HD Steiger is a used machine from Western Australia.
It has 7848.4 hours on the clock and comes with a powershift transmission, red
leather seat and a Pro 600 screen. Also features five hydraulic remote , 800/70R
38 front and rear tyres as well as full Trimble GPS and a full weight kit.
At $130,000, this high horsepower Case IH is a classic tractor at a good price.
2012 John
Deere 6170R
IVT tractor
$110,000
Location NSW
Call 0400 396 384
Any high-spec’d John Deere 6R with an IVT transmission that’s priced under
$115,000 is sure to grab your attention. This machine is found in New South Wales
and looks to come with all the bells and whistles. It is autotrac ready, spec’d with
a 50km/h AutoPower IVT transmission with 170hp (127kW). Other features include
front axle suspension, cab suspension and approximately 4,592 hours.
New Holland
TS125 A
tractor
$38,500
Location QLD
Call 07 3073 8163
With just 6,412 hours, this neat New Holland TS125 tractor could be a cheap purchase.
Priced at $38,500, the New Holland packs a 125hp (38.1kW) six-cylinder, turbocharged
engine under the bonnet. It uses a dual-command two-speed powershift box with 24
forward and reverse gears. Other features: 4WD, three remotes and cat 2 hook ends.
2003 New
Holland
BB960 baler
$27,500
Location QLD
Call 07 3171 1036
This is being advertised with a price reduction and priced to move. This square
baler produces 4x3x8 square and has a crop cutter, maxi pickup and string knotter
system. The seller says the baler is in working order and a good solid baler to suit
the entry-level buyer. PS. We love New Holland balers in that red paint job.
Strautmann
1251-10
mixer wagon
$61,995
Location QLD
Call 07 3073 8164
A well-known German brand, this Strautmann mixer wagon has simple construction,
minimal wear and low maintenance. It has 20mm of base plate from ST 52-3 steel,
and 8mm thick container wall from ST 52-3 steel for long life. It’s a single axle machine
and has a stainless steel wear ring on the auger and electro-hydraulic controls.
2015 Freightliner
Coronado
122 truck
$99,000
Location NSW
Call 02 8279 7053
This truck has a 560hp (418kW) Detroit DD15 engine, 728,660km on the clock, an
Eaton Smart Shift automatic gearbox, 106-ton GCM, abs, air/con, and a double
bunk with a high roof sleeper. It is fully serviced with led driving and headlights,
new alloy bumper bar and a NSW roadworthy test done.
2004 Gleaner
R75 combine
harvester
$66,000
Location NSW
Call 03 9998 4998
Engine-wise, this bad boy has a six-cylinder turbocharged 10.8l M11 engine. It pushes
out 330hp (246kW) and has a four-speed transmission with a hydro-traction drive.
Harvester comes with a 36ft (11m) Honeybee Draper front, Poly tine pickup reel and
Leith comb trailer. This could be a great addition to your machinery fleet at this pric .
2016 Hardi
Navigator 6000
trailed sprayer
$99,000
Location VIC
Call 03 8547 8720
Interested in adding to your sprayer fleet? How about this well looked after Hard
Navigator trailed sprayer? This Hardi offers a 6,000L tank and a 98-foot aluminium
boom. It has triple nozzle tri-jet bodies as well as an HC5500 rate controller. Other
specs include manual shut off, a PTO drive chemical pump and hydraulic suspension.
40 TradeFarmMachinery.com.au THE TRACTOR YOU WANT IS NOW EASIER TO FIND