30% Investment Allowance

On 3 February 2009 the Treasurer stated that the previously announced 10% investment allowance would be replaced with a rate of 30%.

This tax initiative to encourage capital investment in Australian businesses and create jobs during the global financial crisis may be of interest to you in your business.

The investment allowance provides business taxpayers with an additional deduction of 30% for eligible depreciating assets acquired by 30 June 2009 and installed ready for use by 30 June 2010.

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