The Rise and Fall (and Rise and Fall) of the Investment Allowance
16 December 2008
When recession threatens, private business investment usually falls and governments typically respond with a combination of public investment and increased tax benefits for private investment. History repeated itself on 12 December 2008 when the Rudd Government announced a 10% investment allowance in the form of a deduction for business investment expenditure on new equipment for use in Australia committed up to 30 June 2009 and in place by 30 June 2010. For our full Tax Brief - click here