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The Government can help finance new Livestock handling systems

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Small and General Business Tax Break - 30% Tax Deduction

On the 3rd of February the Hon. Wayne Swan announced a stimulus package for capital investment by Australianbusinesses. If your annual turnover is less than $2 million this comes in the form of a 30% tax deduction for all capitalinvestments over $1,000 (such as Stock Yards) which are ordered before the end of June 2009. This reduces to 10% forany contracts entered into after June 2009 and before the end of December 2009.

Turnover Less than $2m
Capital Investment over $1,000 ordered before June 30 2009 (must beinstalled and ready for use by June 2010) receives a 30% tax deduction.

Annual TurnoverGreater than $2m
Capital Investment over $10,000 ordered before June 30 2009 (mustbe installed and ready for use by June 2010) receives a 30% tax deduction.

Annual TurnoverLess than $2m
Capital Investment over $1,000 ordered between 1st July 2009 and31st December 2009 (must be installed and ready for use by 31stDecember 2010)receives a 10% tax deduction.

Annual TurnoverGreater than $2m
Capital Investment over $10,000 ordered between 1st July 2009 and31st December 2009 (must be installed and ready for use by 31stDecember 2010) receives a 10% tax deduction.

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