When does the 30% rebate finish and what does it apply to?

I want to buy some voice recognition software. Does the 30% rebate apply to that? What does it apply to? And when does it finish?

It is unlikely that voice recognition software in isolation will qualify for the investment allowance. The legislation says that to be eligible the asset must be a “depreciating tangible asset” subject to deduction under Division 40 of the Income Tax Assessment act. The investment allowance only covers tangible assets – that is, the computer equipment (hardware)would be eligible, the software is not.
Intangible assets such as software are specifically excluded from eligibility.
If the voice recognition software is contained within or is part of a tangible depreciating asset, it may be eligible, but this would need further investigation.

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