TAX BREAKS FOR GREEN BUILDINGS
Imagescape Design Studios is proud of having a professional team of specialist who are here to help you realise the full potential of your development. With a Masters in Sustainable Architecture Frank Camillo is well placed to assist in the upgrade of your older buildings to meet the new Government energy efficiency initiatives. From 1 July 2012, businesses that invest in eligible assets or capital works to improve the energy efficiency of their existing buildings – from 2 stars or lower to 4 stars or higher – will be able to apply for a one-off bonus tax deduction. The incentive will enable businesses to claim a bonus tax deduction of 50 per cent of the cost of the eligible assets or capital works. This initiative is expected to provide a boost of around $1 billion over the life of the scheme to help ‘green up’ existing buildings right across the country. It will help unlock significant energy efficiency by giving businesses a clear incentive to save energy in their buildings. This initiative is part of the Gillard Labor Government’s plan to make positive changes to how we live, work and travel. The $30 million expansion of the Green Building Fund ensures this program will continue to support businesses that improve the energy efficiency of commercial office buildings prior to the implementation of the Green Building Tax Break. The expanded Green Building Fund will also be available for hotels and shopping centres currently covered by the NABERS scheme. For assistance in planning for the introduction of this scheme contact Imagesacpe Design Studios.