50% investment allowance* applicable for all new Volvo Trucks purchased before 31 December 2009 - for Small Businesses (aggregated turnover of less than $2M).

See Table 1 (below)

The recently enacted Investment Allowance provides for an immediate income tax deduction of up to 50% (see below) when you purchase a new Volvo Truck.

However, orders for your Volvo Trucks must be made  soon to qualify.

The eligibility ofr the Investment Allowance is subject to satisfying specific requirements, which may vary depending on your circumstances.

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

Benefits of ordering a Volvo Truck before 31 December 2009

There are clear financial advantages in ordering a new Volvo Truck before 31 December 2009. For example, if you purchase a Volvo FH13 6x4 prime mover with B-double set (which typically might cost around $370,000), the tables attached demonstrate that after tax, a company will be a substantial $55,500 better off, while a purchaser at the top marginal tax rate will be a massive $86,025 better off. 
(Refer tables attached to compare after tax benefits of the purchase of other Volvo Trucks)

What should I do now?
Contact your local Volvo dealer.