Last days for Investment Allowance

This is a reminder that the small business investment allowance rules require that an asset must be purchased by 31 Dec 2009 to claim this additional investment allowance.  The bonus deduction is claimed in the year that the asset is first used or installed ready for use.  Please note that the asset must be used by 31/12/2010, otherwise no bonus deduction is allowed. Note be careful how the asset (eg car) is purchased, whether it is a HP, lease or chattel mortgage. You need advice on this if delivery does not come until after the New Year.