IN THIS ISSUE
There have been several important tax updates for individuals, investors and small businesses. The $20,000 instant asset write-off has now been made permanent for eligible small businesses, providing certainty when purchasing business equipment and assets.
The Government has also enacted significant Capital Gains Tax (CGT) and negative gearing reforms, most of which commence from 1 July 2027. These changes may affect investment property owners, business owners and investors, making early planning essential.
WHAT’S NEW?
- Instant asset write-off
- Income tax thresholds/amounts
- CGT Changes
- Negative gearing changes
TAX TIME AGAIN
- Lodging a tax return
- ATO Tips
FROM THE ATO
- Instant asset write-off for small businesses
- Business expenses
- Home-based business expenses
KEY TAX DATES
