Capital Gains Tax (CGT)

Draft Tax Laws Amendment (Small Business and General Business Tax Break) Bill 2009

Author: Taxation Institute Of Australia

Published Date: 10 Mar 2009


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The Taxation Institute supports the general thrust of the draft Bill in providing eligible small businesses with:

  • an additional 30 per cent tax deduction for eligible assets costing $1,000 or more that they acquire from 13 December 2008 to 30 June 2009, and install by 30 June 2010; and
  • an additional 10 per cent deduction for eligible assets costing $1,000 or more that they acquire from 1 July 2009 to 31 December 2009, where they are installed by 31 December 2010.


  • Published By:Taxation Institute Of Australia
  • Published On:10 Mar 2009

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Capital Gains Tax (CGT)

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