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Chase Finance are a recognised leader in the field of finance broking, specialising in getting you the right finance package to keep your business ahead of the competition. |
Car depreciation Limit
Car Depreciation Limit for 2010/11
The Tax Office has advised that the Car Depreciation limit for the 2010/11 financial year is $57,466. This is also the same for The Luxury Car Tax threshold.
The fuel-efficient car limit for the 2010/11 financial year is $75,375.
Investment Allowance
Investment Allowance
The Federal Government has introduced an Investment Allowance tax deduction as another measure to stimulate the economy. The investment allowance provides a tax deduction of 30% of the capital value of the equipment purchased. It appears that trucks and cars (including luxury cars) are eligible.
For more information go to;
http://www.treasurer.gov.au/DisplayDocs.aspx?doc=pressreleases/2009/061.htm&pageID=003&min=wms&Year=&DocType=0
Interest Rates
Rates unlikey to drop to zero
Australia won’t be joining the zero interest rate club of the world’s two largest economies, but the Reserve Bank of Australia’s chief has left the door open for further cuts.
For more information go to;
http://www.lendingcentral.com/2009/02/23/rates-unlikely-to-drop-to-zero-rba-chief-says/

