We should all know by now about the 50% rebate on capital expenses announced in the recent budget. But does that really mean Kevin and Wayne Swan will pay for half of your new laptop? Um, no.
If you buy a laptop for $3000 you will qualify for a tax deduction of $1500. Simple. But the tax deduction is off the corporate tax rate which is 30% so your actual saving is $450.
The other thing that has changed is the deadline is now 31 December this year to order and 31 December next year to take delivery and install. So buy soon if you want the rebate this financial year.
These rules apply for businesses with a turnover less than $2m and you should see an advisor for details about how this affects you.
Then when you decide to buy a new machine and get Kev and Wayne to sponsor you, give us a call!
Buymax ph 02 8197 0333