Has any one heard of the recent announcement by the Federal Govt ?
Re 30% capital investment allowance ?
Apparently applies to all new capital purchases over 10k for small business with a turnover under 2 million a year until June 30 only
This is on top of your normal depreciation
Sounds too good to be true ?
Would allow you to save a fair amount on new wheels ?
Also talk that it has not been passed by the senate yet but we are running out of time as June 30 is not far away
Any tax experts or comments out there ?