Have I spent enough to get the 50% tax allowance?

I just purchased a work laptop and it came to $1031. Am I able to get the 50% rebate? I have been told it needs to be $1000 plus GST, or $1100 in total. Yes, the $1000 threshold is a GST exclusive amount. So it would need to be $1100 inclusive of GST to be […]

James Thomson 01 July, 2009

I just purchased a work laptop and it came to $1031. Am I able to get the 50% rebate? I have been told it needs to be $1000 plus GST, or $1100 in total.

Yes, the $1000 threshold is a GST exclusive amount. So it would need to be $1100 inclusive of GST to be eligible.

Where you have purchased more than one computer you may be able to group them under the ‘assets that are identical or substantially the same’ provision.

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About the author

James Thomson

James was the editor and publisher of SmartCompany and LeadingCompany for five years. He is now the Australian Financial Review‘s companies & markets editor, and a former BRW editor.