Is there a required minimum spend?

Is there a required minimum spend to be eligible for the Temporary Investment Allowance?

The minimum spend required for the Federal Government Temporary Investment Allowance (Small Business and General Business Tax Breaks) to apply are different for small business and general business:

  • Small businesses must spend at least $1,000 (excl. GST) per asset
  • All other businesses must spend at least $10,000 (excl. GST) per asset

The minimum spend applies to all three tiers of tax breaks. Although the minimum spend requirements apply per asset, the threshold may also be met by the sum of expenditure on groups of assets that are identical or largely the same, and sets of assets.

The definition of a small business is a turnover of less than $2 million in the last financial year (if in operation) and an expected turnover of less than $2 million in the current financial year.

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.