The Federal Budget 2019-20 – a deeper analysis


Written by Professor Bob Deutsch, CTA, Senior Tax Counsel
The Federal Budget delivered by the Treasurer, Hon. Josh
Frydenberg on 2 April 2019 did not contain the usual array of tax changes that
we are accustomed to in previous budgets.
Nonetheless, there were some important changes, some of
which I have already discussed on Budget night and upon which I will now
elaborate.
Personal income tax changes
The most significant immediate change is the expansion to
the low and middle-income tax offset which will apply with immediate effect, in
the sense that it will apply to the 2018-19 tax year. This will deliver $1,080
per annum for each individual single who is eligible and slightly more than
double that for a couple. Those on incomes between roughly $45,000 and $95,000
per year will receive the full benefit...

Members, you can access Bob Deutsch’s Federal Budget 2019
analysis on our site. You will need your Username to access. 
Members, we welcome your thoughts via the TaxVineFeedback inbox

Archive

See all

Follow Us