On the 12th of March, the Morrison Government announced a stimulus package which included an investment incentive that may apply to charter boat purchases. This investment incentive applies to businesses who buy NEW charter boats over $150,000 that can be delivered and operating by June 30, 2021.
The incentive includes a 50% instant tax deduction of the charter boat purchase in the first tax year, with existing depreciation applying to the balance of the boat’s cost after that. This is available to businesses with aggregated turnover below $500 million and only applies to NEW charter boats, not used.
Below is an example:
If a business bought a new $500,000 yacht and had it delivered by June 30 2021, they would get on 2021 an immediate one off depreciation claim of $250,000 + $37,500 normal depreciation (15% of the remaining $250,000 balance.
Business Investment Fact Sheet
Enjoy superior quality fit and finish that only Elan do so well. The reason is simple, they employ real craftsmen and women in the construction of their fleet of luxury blue water cruising yachts and performance yachts.
Be the first to experience the new Impression 45.1 we have on order. Available in June and on offer with an extremely attractive price. The yacht comes standard with a very high specification and only requires minimal optional extras on top.
Hull # 136 complete with standard inclusions and the following optional extras:
Raymarine – autopilot, wind, speed, depth, vhf, Axiom 7 plotter 2 x i70 displays
One sails sail pack Dacron; tri-radial cut, full batten mainsail with Selden sliders, furling jib
Lazy bag with lazy jacks
Electrical windlass 1000W with additional battery (95Ah)
Anchor Lewmar “Delta”, with 50m galvanised chain
Windlass control unit with chain counter
Guard rail exits
Ocean swim platform