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Instant Asset Write-Off for GPS Tracking Hardware

Claim Your Fleet Hardware Sooner

When you buy GPS tracking hardware from Protekt, you own it outright. That matters at tax time: eligible small businesses may be able to deduct the full cost of each unit in the year it’s installed, rather than depreciating it over several years, under the Federal Government’s $20,000 instant asset write-off.

How It Applies to Protekt Hardware

The write-off threshold applies per asset, so each item is assessed on its own cost:

  • GPS tracking units are a once-off purchase of $285 per vehicle (exc. GST), well under the threshold. Fit out ten vehicles and each of the ten units is an eligible asset in its own right.
  • Protekt Key Lockers are also purchased outright. Most configurations fall under the $20,000 per-asset threshold; ask us for a quote for your size.
  • Monthly subscriptions don’t need the write-off at all. For most businesses they’re an ordinary operating expense, claimable as incurred.

An Illustrative Example

A plumbing business with 12 vehicles buys 12 GPS units at $285 each, a total of $3,420 (exc. GST). Because each unit is under the per-asset threshold, an eligible small business may be able to deduct the full $3,420 in the same income year the units are installed and ready for use, rather than spreading the deduction over the life of the hardware.

This example is illustrative only and isn’t tax advice. Your outcome depends on your circumstances.

Who Is Eligible?

The key criteria for the instant asset write-off are:

  • Your business is an eligible small business using the simplified depreciation rules, with aggregated turnover under $10 million
  • Each asset costs less than $20,000
  • The asset is first used, or installed ready for use, in the income year you claim it
  • You claim the business-use portion of the asset

The thresholds and income years covered by the write-off change over time and are subject to the passage of legislation, so always check the ATO’s current guidance and speak with your registered tax adviser before making purchase decisions.

Timing Your Purchase

Ordering hardware isn’t enough on its own. To claim in a given income year, the asset must be installed and ready for use by 30 June of that year. Protekt offers professional installation Australia-wide as well as plug-and-play self-installation, so there’s usually no reason a purchase can’t be up and running within days.

Ready to Talk Numbers?

Calculate your savings to see the full cost picture including hardware, or book a demo and we’ll prepare a quote you can take straight to your accountant.

Call us on 1300 952 530 to discuss hardware pricing for your fleet.

Protekt GPS provides general information only, not tax, legal, or financial advice. Eligibility for the instant asset write-off depends on your business circumstances and current legislation. Confirm your position with the ATO or a registered tax adviser.