How the Budget changes may affect your loan or property purchasing plans
Federal Budget 2018 - What it means for you?
Earlier this week the 2018 Federal Budget was released. It announced some changes and new measures that may affect you, including:
1. Vacant land owners: People who own vacant blocks of land will no longer be able to claim tax deductions against them from July 2019.
2. Small businesses: Self-employed? You will now have longer to write off business purchases. The $20,000 instant asset write-off has been extended for another 12 months to June 30, 2019.
3. Tax breaks for low to middle income earners: From July next year, if you are earning between $87,000 and $90,000, you will move back into the lower tax bracket and pay 32.5%, instead of 37%! If you’d like to find out more about these and other Federal Budget changes, and how they may affect your loan or property purchasing plans, please give me a call. I'm here to help.#ezfinancing #brisbane #budget2018 #homeloans #land #mortgagebroker #change