Brandonn Donating Members 2,304 Member For: 16y 4m 17d Gender: Male Location: port hedland Posted 17/04/09 06:48 AM Share Posted 17/04/09 06:48 AM oh farkin farkin farkinscum bagI want some tax back :( Link to comment Share on other sites More sharing options...
Brandonn Donating Members 2,304 Member For: 16y 4m 17d Gender: Male Location: port hedland Posted 17/04/09 06:49 AM Share Posted 17/04/09 06:49 AM And it is available to ALL taxpayersI def pay tax -.- Link to comment Share on other sites More sharing options...
ronburgundy I love gooold member Donating Members 1,222 Member For: 16y 29d Gender: Male Location: Melbourne (west) Posted 17/04/09 06:58 AM Share Posted 17/04/09 06:58 AM So NOW you're capable of reading an earlier post?!That post was in the context of 'turnover' - someone said it was only for those with turnover under a certain amount, or something.I was simply pointing it it is available for all BUSINESS tax payers, not just those under a turnover level. The turnover test simply determines what your minimum expenditure needs to be to qualify for the allowance.OK so to clarify it is only available to business taxpayers (NOT employees, or those that are living off investments). For those turning over less than $2m, you need to spend only over $1k.For those turning over more than $2m, you need to spend over $10k. Link to comment Share on other sites More sharing options...
Brandonn Donating Members 2,304 Member For: 16y 4m 17d Gender: Male Location: port hedland Posted 17/04/09 07:00 AM Share Posted 17/04/09 07:00 AM that's rate gay, but isn as good of an incentive as I thought n e ways lol Link to comment Share on other sites More sharing options...
ronburgundy I love gooold member Donating Members 1,222 Member For: 16y 29d Gender: Male Location: Melbourne (west) Posted 17/04/09 07:16 AM Share Posted 17/04/09 07:16 AM I know, I know - soooo many clients have told me they're going to buy a new car cos they're gonna get 30% off and I just have to say... yeah sorry mate it isn't quite that simple I'm afraid! Link to comment Share on other sites More sharing options...
Brandonn Donating Members 2,304 Member For: 16y 4m 17d Gender: Male Location: port hedland Posted 17/04/09 07:21 AM Share Posted 17/04/09 07:21 AM the old if its to good to b true saying springs to mind Link to comment Share on other sites More sharing options...
tig Donating Members 735 Member For: 17y 5m 28d Gender: Male Location: kenthurst, Sydney Posted 18/04/09 04:21 AM Share Posted 18/04/09 04:21 AM NO, NO, NO, NO, Your all wrong. My mother in-law told me you get it all back, 30% off the price. I've been in business (small to medium) for 23 yrs. but she knows a lot more than me. God luv her Link to comment Share on other sites More sharing options...
tab Sucker Moderating Team 32,303 Member For: 20y 9m 7d Gender: Male Location: Brisbane Posted 18/04/09 05:31 AM Share Posted 18/04/09 05:31 AM Mother-in-laws usually do know best! Link to comment Share on other sites More sharing options...
Bunnies Member 10 Member For: 15y 8m 20d Location: Perth Posted 14/05/09 06:28 AM Share Posted 14/05/09 06:28 AM GentsI've taken a lot from this forum, so I thought I would contribute with something I know a little about. Tuesday's Federal budget contained a change in the investment allowance such that small business entities (ie your turnover is less than $2mil) will be able to claim an increased investment allowance of 50% (instead of the previously announced 30%) of the cost of eligible assets acquired between 13 December 2008 and 31 December 2009, and installed by 31 December 2010.All of the caveats discussed previously in this thread still apply (ie you need to be carrying on a business and hp rather than lease). Link to comment Share on other sites More sharing options...
xtremerus Member 59 Member For: 15y 9m 9d Location: North-West NSW Posted 15/05/09 06:14 AM Share Posted 15/05/09 06:14 AM 50% looks good to me. Link to comment Share on other sites More sharing options...
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