Temporary full expensing available until 30 June 2023

This year’s Federal Budget covers a range of measures aiming to reduce the pressure from increased costs of living and help more people into homes.

The non-arm's length income (NALI) provisions have been re-written to include situations where expenses of an SMSF are reduced in order to obtain a non-commercial benefit.

Downsizer contributions have been available to members of complying superannuation funds since 1 July 2018. From this date, a person aged 65 years or older will be able to make a contribution up to $300,000 from the proceeds of selling their main residence. A recent legislative amendment...

The majority of businesses are eligible to claim an outright deduction for the cost and installation of new assets.