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.

Qualifications

The Investment Allowance is as follows:

• A bonus tax deduction 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