To assist businesses during the global financial crisis, the federal government has introduced a temporary investment allowance to encourage businesses to undertake capital investment.
Businesses will be able to claim the investment allowance for new assets which are acquired, held under a contract or constructed from 13 December 2008 until 30 June 2009, and are installed and ready for use by 30 June 2010.
For further information about the investment allowance, please visit the Tax Office website, or call 13 28 66.
