2009

Capital Allowances and Investment Allowance - Time Is Running Out!

Source: Western Australia

Published Date: 17 Nov 2009

 
This event was aimed at all tax advisors with clients who could benefit from capital expenditure concessions. It also provided a useful refresher and some practical considerations regarding the Capital Allowances provisions.

The Federal Government's generous "Small Business and General Business Tax Break" has very specific timing rules. 31 December 2009 looms as a very important date for both large and small businesses who wish to access tax concessions for capital expenditure.

While the rules around the Investment Allowance may appear to be straightforward, there is some devil in the detail. Qualifying assets, qualifying use, aggregation of expenditures and tests for small business entity status are all issues which need to be considered.

Have you informed your clients of these very worthwhile concessions? Don't risk being asked after it is too late!

The seminar also provided a timely refresher of the Uniform Capital Allowances regime and highlighted some of the practical considerations which have come to light during the 8 years since these provisions were introduced.

Small business and general business tax break - Things you need to know

Author(s): Davide Costanzo CTA

Uniform capital allowances - Where are we now?

Author(s): Alissa Parker CTA

Details

  • Published On:17 Nov 2009
  • Took place at:Perth Concert Hall

The material is copyright. Apart any fair dealing for the purpose of private study,

research critisism or review, as permitted under the copyright Act, no part may be rerpoduced by any process without written permission from The Tax Institute.

Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

This material is copyright. Apart from any fair dealing for the purpose of private study., research, critisism or review, as permitted under teh copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.

Unless expressly stated, opininons are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

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