House debates

Wednesday, 21 March 2012

Questions without Notice

Taxation

2:59 pm

Photo of Andrew RobbAndrew Robb (Goldstein, Liberal Party, Chairman of the Coalition Policy Development Committee) Share this | Hansard source

My question is to the Treasurer. Treasurer, if a small business paying the company tax rate purchases a new ute worth $35,000 after 1 July this year, will not the first-year after-tax benefit from the government's instant asset write-off arrangements be $1,300, not the $6½ thousand that the government was claiming yesterday?

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