Government Announcements
2009-10 Budget: investment tax break
12.05.2009
It was announced in the 2009-10 Budget that for small business entities the investment tax break rate is to be increased to 50% (instead of the 30% and 10% rates).
All other businesses can continue to access the investment tax break at the 30% and 10% rates.
Small business entities only need to invest a minimum of $1,000 per asset in order to qualify for the investment tax break. Expenditure on batches and sets of assets may be amalgamated in order to meet this threshold.
For the text of the media release, click here.
