Buckscoop > Deals > Everything Else > 50% Tax Deduction for Small Business for spending on Captial assets

50% Tax Deduction for Small Business for spending on Captial assets

Posted By: nod, posted 2009/05/30 19:24
For those on Bucky that run a Small Business, I wanted to make sure you did not miss out on the latest Tax offer.
According to the press release, the deduction has jumped from 30% to 50% for all capital asset purchases over $1000 from 13th December 2008 and the end of this year. They are trying to off set the massive drop in business investment and I think this is a pretty good way to encourage small business to get out there and spend.

I have linked to a few news articles in the comments
Expiry date:2009/12/31
63°-+
  • nod2009/05/30 19:25:25
  • pharmlover2009/06/11 01:06:01
    Australian Tax Office
    General Information on the Investment Allowance: small business and general business tax break
    Overview This document provides overview information including eligibility requirements on the Small business and general business tax break.
    Detailed Information This guide provides more detailed information, including examples relating to eligibility, on the small business and general business tax break.

    Legislation which received Royal Assent on 22 May 2009 and explanatory memorandum.
  • nod2009/11/10 23:27:01
    Just a reminder about this tax break for all Bucky business owners.
    There are some decent Dell discount codes around and we also have the 4% Apple cashback to get your teeth into

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