There is a 50% tax break for small businesses (with turnover of less than $2 Million) on Computer Hardware purchases made before 31st December 2009.
The above tax deduction is in addition to the deductions for decline in value you can claim for the cost of the asset you use in your business.
Example:
John is a smash repairer who purchases a Motion Computing J3400 Tablet PC for his business and installs it in August 2009. The J3400 costs $4,000 (excluding GST and the cost of software installed on the computer). John will be able to claim an addiitonal $2,000 tax deduction (50% of $4,000) in his 2008-09 tax return.
After applying the 30% company tax rate (the rate which applies to his business), this tax deduction would reduce the amount of tax John’s business would have to pay by $600.
Visit www.australia.gov.au/businesstaxbreak for more information


