A 10% temporary investment allowance may be available to businesses that purchase qualifying depreciating assets after 12.01am (AEDT) on 13 December 2008 and before 1 July 2009.
It is also a requirement that the asset: • cost $10,000 or more and be used in Australia; and • be installed and ready for use by the end of 30 June 2010. Qualifying assets include most plants and equipment such as tractors and forklifts.
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