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Articles
Rebate Income - New Concept
Family Tax Benefit (FTB) - Change to delivery of
Individual's - Income Tax Rates
Senior Australians Tax Thresholds
Research and Development Tax Concession
Finer Details Investment Allowance
PAYG Instalments - Are You Paying Too Much?
Working Australians Tax Bonus Administration

Budget 2009 - 10  -  Overview, Summary, Papers.

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Rebate Income - New Concept
.

The concept of rebate income will replace thresholds previously based on ‘taxable income' from 1 July 2009.

Rebate Income =

Taxable Income

+

Adjusted Fringe Benefits (AFB) amount

(i.e. reportable fringe benefits with FBT gross up reversed)

+

Total Net Investment Losses (NI Losses)

(i.e. net financial investment losses and net rental property losses)

+

Reportable superannuation contributions (RSC).

This will be used for entitlements or obligations where a threshold is relevant e.g. Medicare Levy Surcharge, Senior Australians tax offset, Centrelink benefits, etc., etc., etc.

 

 

 

 



25th-June-2009

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