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New measures included in the MYEFO documents include:
increased fees for foreign investors in residential housing and reduced Build To Rent project fees (summarised here)
From 1 July 2025 fuel-efficient cars for the purposes of the Luxury Car Tax will have a maximum fuel consumption of 3.5 litres per 100km (down from 7 litres per 100km)
Indexation of LCT threshold for non-fuel-efficient cars will in future be linked to motor vehicle purchase sub-group of the CPI (previously the headline CPI) – from 1 July 2025.
From 1 July 2025 ATO interest charges (General and Shortfall) will no longer be tax deductible.
Announced measures are subject to the passage of legislation.
This page was last modified 2023-12-14
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