Investment Boost: new 20% deduction for business assets

The Investment Boost is a measure that may provide a significant tax benefit for businesses making new investments in certain assets.

If you have purchased vehicles, machinery, tools, equipment, technology or other assets for your business, it may be worth checking whether that investment meets the applicable requirements.

An opportunity for new investment

The Investment Boost allows businesses to bring forward part of the tax deduction associated with certain new assets used in the business.

The tax treatment will depend on the type of asset, the acquisition date and the circumstances of each transaction.

Have you purchased assets for your business?

An investment can have different tax implications depending on how the asset is used and how the transaction is structured.

For this reason, before preparing your Income Tax return, it is important to check whether the purchase may qualify for the Investment Boost and what tax treatment applies.

We can help

At NewLatinBizz, we review each situation individually and help you determine the appropriate tax treatment for your business investments.

Have you recently purchased a vehicle, machinery, tools, technology or other business assets?

Contact us and we can review whether your investment may qualify for the Investment Boost.