Legislation & Deductions August 2024

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Running Time: 6:58

Date: 01/08/2024

  • Tax Omnibus Bill 
    • Medicare Levy exemption for lump sum payments
    • Extension of $20,000 instant write-off to 2024/25
  • Small Business and Charities Bill 2023 passes
  • Rental property owners in spotlight – ATO warns
  • Cents per km for car expenses – 2024/25 and after
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Alan Leung, Chartered Accountants Australia and New Zealand