30% Investment Allowance

The Federal Government’s “Temporary Investment Allowance” Bill was passed by the Senate late last week.

The allowance gives businesses a "one off tax deduction" equal to 30% of the capital cost of eligible new business equiptment. This is in addition to the standard depreciation claimed for such assets.

 The purchase of an asset worth $10,000 would provide a one off tax deduction of $3,000 plus normal depreciation allowances. The assest must be accquired before the 30th June 2009 and over the value of $1,000 for most businesses.

The allowance plus low interest rates provide a unique opportunity to upgrade to a Xerox Multifunction Device and improve your office productivity and the quality of your marketing.

 For more Information on how you could take advantage of this allowance, please call your local sales office

NB: Please confirm the above with your tax accountant