End Of Year Tax Planning Checklists

The personal income tax scale remains unchanged in 2019-20 from the previous year.

From 2018-19 the 32.5% ceiling was expanded from $87,000 to $90,000, and the low and middle income tax offset introduced, co-existing with the low income tax offset.

During the 2019-20 year, business depreciation write-off rules were liberalised as part of the government’s Covid-19 response measures.

The expanded write-off limits for instant asset claims revert to $1,000 after 30 June 2020. A separate initiative “Backing Business Investment” provides for accelerated depreciation and runs for 2 years to 30 June 2021.

See summaries of the depreciation measures here.

Other new or changed measures for the 2019-20 year are summarised here.

2020

2019

2018

2017

2016

2015 and earlier

See also:

 

 

This page was last modified 2020-06-16