FAQ: What is the Federal Government Temporary Investment Allowance tax break?

What is the Federal Government Temporary Investment Allowance tax break?

The Federal Government's Temporary Investment Allowance for general business and small business - also known as the Small Business and General Business Tax Break - is a temporary additional tax deduction available to businesses when they purchase eligible new assets, or invest new funds in existing assets.

There are three levels of additional tax deductions available, depending on whether the business is a small or general business, when the assets are acquired, and when they are installed ready for use.

Please note: The Temporary Investment Allowance is no longer available for asset purchases made after 31 December 2009. This information is provided for reference purposes only.

Please note that this information is of a general nature only. You should consult an accountant to obtain information specific to your situation.

Next Question in Federal Government Temporary Investment Allowance FAQs:
How much is the additional tax deduction available under the Temporary Investment Allowance?

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