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| Issue: March 2009
In this Issue: |
Sproule Mortgage Management Suite 6 Corporate House 8 Corporation Circuit Tweed Heads South NSW 2486 Phone: (07) 5524 2101 Fax: (07) 5524 2133 admin@sproulemm.com.au www.sproulemm.com.au |
ACT NOW! First Home Buyers Now - before June 30th - is a very good time to buy your first home. There's never been a better time for first home buyers to get into the property market. Currently, first home buyers who purchase an established home will have their grant doubled from $7000 to $14000. First home buyers who purchase a new home will receive an extra $14000 and bring their grant up to $21000. We can help first home buyers with applying for the First Home Owners Boost package, with obtaining finance and also with any extra grants or stamp duty concessions which may vary from state to state. Phone Local Community Home Loans on 1 300 769 880 or email us on admin@sproulemm.com.au for more info. Our no obligation service is informative, friendly and free. |
For Home Owners and Investors Now is a great time to take advantage of low interest rates, to refinance or to consolidate debts. Call us to discuss your needs today. We are independent brokers who have access to hundreds of loan products. Our service is informative, friendly and free. Local Community Home Loans 1300 769 880 or admin@sproulemm.com.au. |
For Business Increase to Investment Allowance The Federal Government has announced three important changes to the 10% temporary investment allowance tax deduction that was initially announced in December 2008. The Treasurer's press release indicates the following changes (yet to be confirmed by the legislation). These important changes are:- • Tax deduction increased from 10% to 30% on assets ordered by 30 June 2009. • 10% investment allowance extended to 31 December 2009 • Small business asset threshold decreased from $10,000 to $1,000 Types of Assets The allowance can be claimed for spending on new assets and new expenditure on existing assets (acquisition of second hand assets is excluded). The allowance applies to tangible assets used in Australia in carrying on a business for which a depreciation deduction is available. The allowance will apply to most new tangible depreciating assets. This includes plant and equipment (i.e. Subdivision 40B assets). It excludes capital works, such as land and buildings, trading stock, and intangible assets and rights. It appears software will not be eligible. If you're a business owner who'd like to take advantage of this opportunity, contact us for more information. There is no obligation and our service is informative and free. Local Community Home Loans. We can help with all types of finance. Phone 1300 769 880 or email us on admin@sproulemm.com.au |
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