Do businesses with turnover of over $2 million still get to claim a rebate?

Yes, the 50% investment allowance tax break is only for small business entities, being those entities whose revenue is less than $2 million per annum. For larger entities the previously announced investment allowance tax breaks continue. So for those entities where they purchase and install the goods in the current financial year they will be […]

Administrator 08 June, 2009

Yes, the 50% investment allowance tax break is only for small business entities, being those entities whose revenue is less than $2 million per annum.

For larger entities the previously announced investment allowance tax breaks continue.

So for those entities where they purchase and install the goods in the current financial year they will be eligible for a 30% investment allowance claim.

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