Tax Break of Up To 10%
on New Jet Aircraft Purchases

Aeromil Pacific is pleased to provide our valued clients with this important update in relation to the investment allowance and its applicability to aircraft. Please feel free to call if you would like to receive any additional information.
Investment Allowance for Business
The Government has announced a tax break in the form of an investment allowance for new capital expenditure and this includes the purchase of new aircraft.
It is a very good time to consider new aircraft acquisitions as this can effectively provide a 3 percent discount on the purchase price, if you act soon and meet the eligibility criteria. For acquisitions of new aircraft, where you sign a contract for purchase by 31 December 2009 you may be able to claim a tax break of 10% as long as the aircraft is delivered by 31 December 2010.
In summary, a taxpayer can obtain the following investment allowance if it satisfies the criteria in the table below:
| New investment threshold |
Investment time: 13/12/08 to 31/12/09
First use time by 31/12/10 |
| Other business (turnover > $2m) - $10,000 |
10% |
We also understand that the investment allowance will not be apportioned for any non-business use of the aircraft as long as the taxpayer can demonstrate that at the time of use the asset was to be used in Australia and for the principal purpose of carrying on a business.
We invite you to contact us to discuss your aircraft requirements by calling
Nick Jones on 02 8713 1190 or via Email.
CLICK HERE
CLICK HERE
[ To find out more, contact Nick Jones on +61 2 8713 1190 or email him here. ]
Australian Taxation Office website can be found here.
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CESSNA 350 and 400 CORVALIS “DEAL OF THE DECADE”
Buy one of the limited number of 2008 Cessna 350 or 400 Corvalis aircraft and deal yourself into a US$25,000 discount off the purchase price and a free upgrade of the Garmin G1000 integrated flight deck with new Synthetic Vision Technology (SVT). A US$35,000 saving on the deal of the decade.
Offer ends September 30, 2009
For more information contact Michael Keenan on +61 2 8713 1190 or email him here.
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