2023

As part of the response to COVID-19, the Government reduced the required minimum superannuation income stream drawdowns required by 50% but that will end on July 1st 2023.

The Technology Investment Boost was announced by the Government last year to encourage businesses to adopt digital technologies with a 20% bonus deduction for eligible expenditure is about to close.

The ATO has stated that it has three key targets this tax time:

• Rental property deductions;
• Work-related expenses; and
• Capital gains tax.