10% investment allowance applicable to all new Volvo Trucks puchased between 1 July 2009 and 31 December 2009.
See Table 3 (below)
Qualifications
Based on the information released by Treasury, the investment allowance is as follows:
- The bonus tax deduction is available to customers who are entitled to tax depreciation deductions in relation to the truck.
- The bonus tax deduction is available in the year in which the truck is first used.
- The truck must be new and the truck must be used in Australia.
- If you wish to finance the acquisition of your truck – you could still get the benefits of the deduction but you would need to discuss this with your financier
* Indicative Cost only as truck specifications, body and trailer specifications can vary.
** The eligibility for the investment allowance is subject to satisfying specific requirements, which may vary depending on your circumstances.
Information contained on this page should not be relied upon as accounting and/or tax advice. You should seek independent financial advice from your accountant or financial advisor for your specific circumstances, or call the ATO on 132 866.