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
Almost everyone in Australia needs to lodge a tax return every year with the ATO, even those who pay no tax need to advise the ATO of that to avoid … Read the rest
Anyone who reaches the age of 30, and has not taken out Private Hospital cover, will incur an age loading, if they take out that policy after the age of 30.
The loading is 2 per cent for every year of age above 30, on top … Read the rest
