2012/13 Federal Budget News

Click here for Smith Feutrill’s 2012/13 Federal Budget Newsletter which outlines how the recent announcement effects you.

In this issue:

- Company tax cut not proceeding
- Changes to the Net Medical Expenses Tax Offset
- Phasing out of the Mature Age Worker Tax Offset
- Non-residents – changes to tax rates and removal of the CGT discount
- Superannuation
- Better targeting of the ETP tax offset
- Company Loss Carry-back
- FBT – further reform of living away from home allowances and benefits