How will we claim the 50% rebate for small business on our BAS?

The 50% investment allowance is not claimed through your BAS. It is claimed in your tax return in the year to which you are entitled to the investment allowance. This is the year where you have committed to buy the goods, and they have been installed and ready for use. The investment allowance is an additional tax deduction.

The only impact that it would have on your BAS is where you are currently making instalments against your income tax liability and you want to reduce these to allow for the benefit effect of the investment allowance.

There is no requirement to do this. Normally it will be managed in your annual income tax return. If you are wanting to bring forward a tax benefit it would be a good idea to get your accountant to review the figures for you.

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