End of financial year tax help & tax tips - 2004/05 key tax changes
From1 July 2005 – Super surcharge abolished. 2004/05 surcharge rate reduced to 12.5%.
Choice of superannuation fund starts.
The Government co-contribution matching rate in 2004/05 is $1.50 for
each $1 of employee contribution, up to maximum of $1,500.
Stamp Duty: From 1 June 2004, unpopular vendor duty of 2.25% introduced. In recent State Budget, this tax is to remain.
Land Tax - New tax rates and abolition of the tax-free threshold and
abolition of the premium property tax. For 2006 land tax year –
reinstatement of the tax-free threshold. No tax up to $330,000.
JH Business Services & Taxation Accounting | Business Advisory | Tax Services Specialist in small to medium business & personal tax services
Norwest Office
Suite 205 29-31 Lexington Drive Bella Vista NSW 2153