How to get your government rebate
Get your 50% government rebateCLICK HERE TO VIEW GOVERMENT NEW MEDIA RELEASE No. 061
To support jobs and Australian businesses – especially small businesses - the Government will fund an investment tax break for all Australian businesses.
- Small businesses will now be able to claim a bonus tax deduction of 50 per cent – up from 30 per cent previously of the cost of eligible assets acquired between 13 December 2008 and 31 December 2009, and installed by 31 December 2010.
- For eligible assets costing $1,000 or more that they acquire from 1 July 2009 to 31 December 2009, they can claim an additional 10 per cent deduction where they are installed by 31 December 2010.
The increased Tax Break provides small businesses with an even greater incentive to invest in new capital items, such as computer hardware and business vehicles, and to make capital improvements to existing machinery and equipment.
To benefit from this tax break a small business must have a turnover of $2 million a year or less.
This will further boost business investment and confidence in the Australian economy in the face of the global recession.