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With the intention of driving more business investment during these times, the Federal Government has announced a temporary 30% investment allowance valid for most new assets either ordered or acquired between 13th December 2008 and 30th June 2009. As an example, a $50,000 new car acquired 15th May 2009 would enable a $15,000 one-off tax deduction in the 08-09 income tax return, in addition to the usual depreciation charged.*
This allowance has now been passed as part of the Government Stimulus Package. If you would like to take advantage of this fantastic opportunity you need to act NOW.
Combine this one-off opportunity with the heavy discounts now being offered by dealers and you are in the box seat. But you must act before June 30.
Don't forget we now have in-house financial advisers and lenders to assist you. Please contact us on 5500 0898 for more information about the investment allowance or for finance assistance.
*Please note this is not to be considered tax advice. You must contact us to obtain independent professional advice for your individual circumstances.
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