|Go shopping for plant in the next six months and you could take advantage of an Australian government investment allowance worth ten per cent of the equipment cost. That’s the message from organisers of this year’s PacPrint 09 exhibition, who naturally hope you’ll place an order there.
The show will be one of the last opportunities to make use of the Temporary Investment Allowance, introduced on December 13 to encourage capital investment by Australian businesses. The allowance will be provided as an additional tax deduction, equivalent to ten per cent of the cost of an eligible asset, which includes most new plant and equipment over $10,000 which is acquired or ordered by the end of this current financial year and installed ready for use by June 30, 2010.
PacPrint 09 chairman Alastair Hadley says the additional incentive gives business owners another compelling reason to attend the show: “PacPrint will be one of the last and best opportunities for businesses in the graphic arts to make investment decisions and place orders which will attract the Temporary Investment Allowance.
“For anyone thinking of investing in the short to medium term, this new incentive provides real motivation to come to PacPrint well prepared for targeted research and armed for negotiation.
“In this current economic climate, exhibitors will be eager to make sales and savvy buyers will be keen to take advantage of what amounts to an additional ten per cent discount, simply by making their purchasing decisions before June 30.
“All of this makes PacPrint the most important opportunity decision makers will have, probably in the next five years.”
For more detailed information on how the Temporary Investment Allowance may apply, contact the ATO on 132 866 or see details on their website.