Some very contentious and wide-reaching issues in this Budget. The attached commentary is 13 pages long but easily laid out so you can quickly find the areas you are interested in. Check out:
- Changes to affect rental property investors on travel and plant & equipment depreciation;
- Extending the small business instant asset write-off;
- Changes to the Medicare levy; and
- Hits to the Big 4 Banks plus Macquarie Bank (consider how this flows down to borrowers, deposit-holders, shareholders, and indirect investors such as Superannuation Funds!).
Please do not hesitate to contact our office to see how these measures might affect you.