Investment allowance trap for new car buyers

By Jessica Stanic · 30 March 2009 · Locked

Full details: Investment allowance trap for new car buyers

See the complete version on Dynamic Business for the full story and insights.

Read the full article →

Summary

Individual taxpayers who are employed and not in business, are being incorrectly advised by car salesmen that they will get the 30 percent investment allowance if they purchase a new car simply by applying for an ABN, says “Mr Taxman” Adrian Raftery. Raftery said he has had a number of clients coming to him requesting […]