You may be able to get a great tax deduction by taking out and prepaying a 1 year lease.

Buying a car or plant fior example you can claim a fair part of the purchase price before 30 June.

You need to ensure that the residual is acceptable by the Tax Office.

I wrote a post about this at a forum tonight and went back to add the comment about the  redsidul being acceptable by the tax office but  they had locked the forum. Remember with any general financial advice like you read in forums you are advised to seek a credible adviser before acting on any information.

Regards,

Glenn Wallace
Business Adviser
Chartered Accountant
CPA
Australian Registered Tax Agent
Superannuation

This entry was posted on Wednesday, June 18th, 2008 at 2:17 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.