Federal Budget November 2020

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Running Time: 36.18

Date: 01/11/2020

• Backdated tax cuts and more
• CGT exemption for "granny flat" arrangements
• Small business tax concessions extended to SMEs
• Outright deduction of capital assets until 30 June 2022
• Carry-back for company tax losses
• Corporate residency test to be clarified
• R&D changes and start date deferred
• Victorian business support grants – NANE income
• JobMaker Hiring Credit
• Super reforms
• Wage subsidy for new apprentices