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Home > Tax in Focus > November 2020 > Federal Budget November 2020

Federal Budget November 2020

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Running Time: 36.18

Date: 01/11/2020

Backdated tax cuts and more
CGT exemption for "granny flat" arrangements
Small business tax concessions extended to SMEs
Outright deduction of capital assets until 30 June 2022
Carry-back for company tax losses
Corporate residency test to be clarified
R&D changes and start date deferred
Victorian business support grants – NANE income
JobMaker Hiring Credit
Super reforms
Wage subsidy for new apprentices

Topics: Accounting & Tax

Peter McGinty, Chartered Accountants Australia and New Zealand