Tax on unrealised capital gains – do not proceed

Summary of proposal

The proposal would reverse in full the measure announced in the 2023-24 Budget – Better Targeted Superannuation Concessions.

The proposal would start on 1 July 2025.

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Tax on unrealised capital gains – do not proceed

Summary of proposal

The proposal would reverse in full the measure announced in the 2023-24 Budget – Better Targeted Superannuation Concessions.

The proposal would start on 1 July 2025.

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Women policy portfolio – Women’s economic security - Double the low income super tax offset

Summary of proposal

The proposal would increase the value of the low income super tax offset (LISTO) cap to $1,000 and increase the LISTO ceiling to $45,000 per annum.

The proposal would commence on 1 July 2026.

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Women policy portfolio – Women’s economic security - Double the low income super tax offset

Summary of proposal

The proposal would increase the value of the low income super tax offset (LISTO) cap to $1,000 and increase the LISTO ceiling to $45,000 per annum.

The proposal would commence on 1 July 2026.

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A fair and progressive income tax system

Summary of proposal

The proposal has 5 components that would modify the Australian personal income tax system.

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A fair and progressive income tax system

Summary of proposal

The proposal has 5 components that would modify the Australian personal income tax system.

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A fair and progressive income tax system

Summary of proposal

The proposal has 5 components that would modify the Australian personal income tax system.

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First Home Buyer Mortgage Tax Deductibility Scheme

Summary of proposal

The proposal would allow first home buyers, who purchase a newly built home, the ability to deduct the interest paid on up to $650,000 of their mortgage from their assessable income. There is no cap on the size of a mortgage captured under this policy.

The measure will be available to individuals earning up to $175,000 and joint applicants earning up to $250,000. Once found eligible, participants will retain access to the deduction even if their income rises.

The deduction can be claimed for up to 5 years, if the home is the principal place of residence.

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First Home Buyer Mortgage Tax Deductibility Scheme

Summary of proposal

The proposal would allow first home buyers, who purchase a newly built home, the ability to deduct the interest paid on up to $650,000 of their mortgage from their assessable income. There is no cap on the size of a mortgage captured under this policy.

The measure will be available to individuals earning up to $175,000 and joint applicants earning up to $250,000. Once found eligible, participants will retain access to the deduction even if their income rises.

The deduction can be claimed for up to 5 years, if the home is the principal place of residence.

Read more

First Home Buyer Mortgage Tax Deductibility Scheme

Summary of proposal

The proposal would allow first home buyers, who purchase a newly built home, the ability to deduct the interest paid on up to $650,000 of their mortgage from their assessable income. There is no cap on the size of a mortgage captured under this policy.

The measure will be available to individuals earning up to $175,000 and joint applicants earning up to $250,000. Once found eligible, participants will retain access to the deduction even if their income rises.

The deduction can be claimed for up to 5 years, if the home is the principal place of residence.

Read more