Investment Allowance Continues

The Investment Allowance continues, but there are changes for businesses with turnover over $2m.

Small Businesses - Turnover Under $2 million
The Investments Allowance for small businesses with turnovers under $2 million is 50% for eligible assets ordered before 31st December 2009 and installed before 31st December 2010 continues summarised as follows:

Ordered:	Installed by:	Investment Allowance %:	Tax Year to Claim:
13/12/2008 to 31/12/2009	30/06/2010	50%	30/06/2010
13/12/2008 to 31/12/1009	31/12/2010	50%	30/06/2011

Other Businesses - Turnover Over $2 million
If the eligible asset is ordered prior to 30th June 2009 and installed before 30th June 2010, the Investment Allowance of 30% applies. For orders placed between 1st July 2009 and 31 December 2009 and installed before December 2010 the Investment Allowance of 10% of eligible expenditure applies.

Ordered:	Installed by:	Investment Allowance %:	Tax Year to Claim:
13/12/2008 to 30/06/2009	30/06/2010	30%	30/06/2010
13/12/2008 to 30/06/2009	01/07/2010 to 31/12/2010	10%	30/06/2011
01/07/2009 to 31/12/2009	30/06/2010	10%	30/06/2010
01/07/2009 to 31/12/2009	31/12/2010	10%	30/06/2011

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