Effective from 1 July 2014 an annual cap on the deduction for work-related self education expenses will apply
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Budget 2013 – Limitations on deductions for work-related self education expenses
Budget 2013 – Limitations on deductions for work-related self education expenses
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Budget 2013 – Changes for non-resident taxpayers on sale of Australian property
Budget 2013 – Changes for non-resident taxpayers on sale of Australian property
With effect from 1 July 2016, where a non-resident sells a property located within Australia, a new (non-final) withholding tax regime will apply. This measure is designed to ensure that the appropriate amount of tax is recovered by the Australian Government on taxable capital gains that arise when such properties are sold.
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Budget 2013 – Removal of discount for early HELP payments
Budget 2013 – Removal of discount for early HELP payments
From 1 January 2014, the following dicount arrangement on HELP payments will be removed.
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Budget 2013 – Deeming superannuation account based income streams
Budget 2013 – Deeming superannuation account based income streams
New superannuation account-based income streams starting on or after 1 January 2015 will be assessed under deeming arrangements applying to other financial investments.
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Budget 2013 – Increased level of income before allowance payments reduced
Budget 2013 – Increased level of income before allowance payments reduced
The threshold of income that allowance recipients can earn will increase to $100 per fortnight from 20 March 2014.
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