Investment Allowance - tax break finishes 31Dec09

Reminder: if any practices are considering the purchase of a purpose built vaccine fridge, remember that the Investment Allowance: small business and general business tax break finishes on 31st December 2009 which can mean an additional tax deduction of 50 per cent off the cost of eligible new tangible depreciating assets.

For further information, go to http://www.ato.gov.au/taxprofessionals/content.asp?doc=/Content/00175431.htm  and it is best to seek advice from your Accountant.