The Albanese government has reversed some budget tax changes affecting small business capital gains tax thresholds, increasing the threshold for the 50% discount while maintaining a minimum 30% tax rate on business sale gains. Financial advisor Ben Nash outlines key tax strategies before the 30 June deadline, including claiming work-from-home expenses, motor vehicle deductions, and self-education costs, while warning against common mistakes like poor record-keeping. New tax changes include a $1,000 standard deduction floor and a 1% lower tax rate for income between $18,000 and $45,000.
See omnystudio.com/listener for privacy information.