Index: Income Tax Rates in Australia
|
Taxable income |
Tax on this income |
$0 ?? $6,000 |
Nil |
$6,001 ?? $37,000 |
15c for each $1 over $6,000 |
$37,001 ?? $80,000 |
$4,650 plus 30c for each $1 over $37,000 |
$80,001 ?? $180,000 |
$17,550 plus 37c |
For the 2009-10 income year, you will be eligible to claim a dependent spouse offset if all of the following apply:
The individual income tax rates for the current year 2009-2010 year are:
|
Taxable income |
Tax on this income |
$0 ?? $6,000 |
Nil |
$6,001 ?? $35,000 |
15c for each $1 over $6,000 |
$35,001 ?? $80,000 |
$4,350 plus 30c for each $1 over $34,000 |
$80,001 ?? $180,000 |
$17,850 plus 38c for each |
You are eligible to get 20% rebate on your medical expenses in each year above the annual threshold set by the Australian Tax Office, their is no upper limit to your claim.
There are no death duties in Australia, as Australia has abolished inheritance taxes for anyone who died after 30 June 1979, although Queensland had earlier abolished that tax in 1977.
However, tax may be payable on certain ‘income’ or ‘capital transactions’ that occur as a consequence of a person’s death.… Read the rest
In Australia there is no Capital Gains Tax payable on the sale of your Main Residence.
July 2020: Major Changes to these laws.
see: 2020-capital-gains-tax-on-main-residence
Page Amended January 2020
There is no Capital Gains Tax payable on the sale of your Main Residence, if you live in it. There are … Read the rest
|
Taxable income |
Tax on this income |
$0 ?? $6,000 |
Nil |
$6,001 ?? $34,000 |
15c for each $1 over $6,000 |
$34,001 ?? $80,000 |
$4,200 plus 30c for each $1 over $34,000 |
$80,001 ?? $180,000 |
$18,000 plus 40c for each $1 over $80,000 |
Over |
|
Taxable income |
Tax on this income |
$0 ?? $6,000 |
Nil |
$6,001 ?? $35,000 |
15c for each $1 over $6,000 |
$35,001 ?? $80,000 |
$4,350 plus 30c for each $1 over $35,000 |
$80,001 ?? $180,000 |
$17,850 plus 38c for each $1 over $80,000 |
Over |
The Education Tax Refund (ETR) is available for families who are able to claim Family Tax Benefit part A, and will enable them to claim part of the education related costs of their children.
These costs do NOT include actual school fees, but relate mainly to additional education costs incurred. … Read the rest
If you are over the pension age, you may be eligible for the Australian Tax Office (ATO) Senior Australians Tax Offset.
Depending on various eligibility factors, this benefit may be payable for those with an income up to about $46,000 for a single person.
Further details are available at: www.ato.gov.au… Read the rest
