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GST: new rules for imports under $1,000

Last month, Parliament passed legislation that will see GST applied to all consumer imports regardless of their value. Currently, imports below $1,000 are excluded from GST. The perceived preferential treatment of internet shopping has been…

Investment Property Tax Changes

Anyone with investment property in Australia is probably feeling a little edgy with all the recent media attention on deductions, affordable housing, and negative gearing.  We take a look at some of the key tax…

What did i miss? Tax Changes

If you missed all the tax news in the last few months, here is a quick summary: GST applies to digital products & services imported by consumers Small business $20k instant asset write-off extended until…

Investment Update: Return to Growth

The outlook for growth appears increasingly positive for Europe and the US. Macro indicators of employment, corporate profits, consumer sentiment, industrial production and inflation are all supportive of an improved outlook for growth. Morgans explore…

Budget 2017: Infrastructure

$1bn National Housing Infrastructure Facility established A $1 billion National Housing Infrastructure Facility will be established to provide financial assistance to local government from 2018‑19 for infrastructure that supports new housing, particularly affordable housing. The…

Budget 2017: Summary

The problems that any Australian Government is expected to resolve and the wish list they are supposed to fulfil, is extensive regardless of which party is in power. This Budget delivers a series of measures…

Budget 2017 : Farmers

Farm Business Concessional Loans Scheme extended Eligibility to the Farm Business Concessional Loans Scheme will be extended to assist farmers and their partners who have received their full entitlement for the Farm Household Allowance (FHA)…

Budget 2017 : Individuals & Families

Increase in the Medicare Levy Date of effect: 1 July 2019 From 1 July 2019, the Medicare Levy will increase to 2.5% of taxable income (up from 2%) raising an estimated $8.2 billion across the…

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