Are demonstrator cars eligible for the TIA tax break?

Are demonstrator vehicles eligible for the same tax break as new assets under the Temporary Investment Allowance?

Demonstrator vehicles are considered to be "new" assets for the purposes of the Federal Government Temporary Investment Allowance.

They must only have been used for reasonable testing and trialling.

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.