The First Home Owners Grant will remain at $14,000.00 for established homes and $21,000.00 for new homes until September 30th 2009. It will then be reduced to $10,500.00 for established homes and $14,000.00 to new homes until 31st December 2009.
Small Business and General Tax Break increased to 50%.
The 50% deduction will be available on new capital purchases worth
$1,000 or more, such as vehicles, purchased between December 13, 2008,
and December 31 this year. For businesses with turnover of under $2 million.
The eligible items must be installed and ready for use by December 31, 2010.
We are currently seeking more details on this and plan to have more information on the website in coming days.
