All tagged Federal Budget
Australia’s Federal Election set for 18 May 2019 should change direction of Australia’s ‘Decade of Deficits’.
The policy proposal from the Opposition to stop the refund of ‘excess’ franking credits to individuals and superannuation funds is expected to save the Federal Budget $59 billion over 10 years.
Personal investment and superannuation changes:
Investors who acquire real estate after 9 May 2017 which includes assets / fittings, etc within the property, which could previously be valued and captured for depreciation purposes will no longer be able to claim these tax deductions;
Well intended calls are regularly made, particularly in the lead up to the Federal Budget, for first home buyers to be able to access their superannuation accounts to buy a property.
To understand the 2014 Federal Budget you need to remember some changes that happened in previous budgets.