Help for First Home Buyers!
The Government have now passed legislation to implement the First Home Loan Deposit Scheme. The scheme is designed to help first home buyers by providing a guarantee that will allow certain first home buyers to purchase a home with a deposit as little as 5%. The scheme is limited to the first 10,000 first home […]
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Non-residents lose CGT main residence exemption
Legislation has now passed imposing restrictions to the popular and highly beneficial Capital Gains Tax (CGT) main residence exemption for non-residents. Broadly speaking, from 30 June 2020, non-residents will no longer be eligible to apply any of the main residence exemptions to reduce or eliminate a capital gains tax liability if they are a non-resident […]
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$1,080 Tax Offset Passes
The Government’s changes to the Personal Income Tax Plan as announced in the 2019-20 Federal Budget, are now finally law! The low and middle income tax offset increased from a maximum amount of $530 to $1,080 per annum and the base amount increases from $200 to $255 per annum. So how much will you receive? […]
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