Investment allowance - for business owners

shuangchao

For those who do not know this already,  the Government has announced an investment tax break for business.

The tax break, in the form of an investment allowance will provide:

-  Additional tax deduction of 30 per cent of the cost of eligible new depreciating assets acquired under a contract, or started to be constructed, after 12.01am AEDT 13 December 2008 and before the end of June 2009 and installed ready for use by the end of June 2010.

-    An additional tax deduction of 10 per cent of the cost of eligible new depreciating assets acquired under a contract, or started to be constructed, between 1 July 2009 and 31 December 2009 and installed ready for use by the end of December 2010.

For both periods, small businesses will be able to claim the deduction for eligible assets costing $1,000 or more. Small businesses must have a turnover of less than $2 million a year to qualify.

For other businesses, a minimum expenditure threshold of $10,000 applies.

(Most Plant & Equipment will qualify, if you want to take advantage of this new allowance, please contact your accountant or me to confirm eligibility before committing to purchase assets of significant value)

nono_2008

能讲的明确点吗，如果我在2009年4月买了一个20万的milk bar，我会得到什么？？