‘Tax grab’: End to income splitting via trusts with 30pc minimum rate

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There was a time — in the days when the internet was still a force for fun — when Chuck Norris jokes roamed our screens. Flying high on another resounding election result, Pauline Hanson is putting the pieces in place to kick Labor out in two years’ time. Reported proposals to lift capital gains tax on share market investments could ultimately cost younger investors more than older investors, according to economists. What this Budget actually amounts to is nothing much other than the official documentation of the most egregious election broken promise we have seen in quite some time. Jim Chalmers says Australia will avoid a recession but must pursue reform, announcing an expected overhaul of housing taxes and a $250 tax handout for workers.

A discussion around emissions is heating up across the State this month, with several local government’s weighing in on how best to manage WA’s greenhouse contributions. A $23 million project is under way, aiming to strengthen Jurien Bay’s drinking water supply, which is set to deliver an additional 100 million litres each year Now into his seventh season as coach, it has taken some time for Justin Longmuir’s team to be considered premiership-ready, but the time has finally arrived, writes Paul Hasleby. The middle child has survived hand-me-downs, shared bedrooms, forgotten milestones and a lifetime of being told to stop making a fuss. Waalitj Marawar (West Coast) say Harry Edwards’ long-term health is their top priority as he enters a career-defining recovery from a third head knock this season. Emerging Waalitj Marawar (West Coast) forward Malakai Champion has paid tribute to celebrated teammate Jamie Cripps who has avoided a serious knee injury.

‘Tax grab’: End to income splitting via trusts with 30pc minimum rate

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Aussies who earn wages will get up to $2800 back at tax time while people whose incomes come from investment properties or trusts will have to pay more. Owing more money today means that the federal government will have less flexibility to deal with whatever is coming our way next. The treasurer’s fifth budget confirms intentions to put higher taxes on wealth but without reducing income taxes, cutting spending or boosting productivity. Most investors selling property, shares and other assets will pay more tax once the new model to index the cost base of an asset to inflation is bedded down. The 2026 budget contains taxes on higher education providers and departing Australia, infrastructure cost blowouts, and a crackdown on school disability funding.

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Treasurer Jim Chalmers says the changes will make the system fairer and help young people get into the property market. Use PTX Express to manage payroll tax and update details. You can search the register to see if any money belongs to you. Premier Roger Cook defends the policies around local government after the Shire of Carnarvon was plunged into chaos on May 1 when shire president of seven years, Eddie Smith, resigned.

It was all sunshine as Australian Fashion Week formally kicked off on Monday with a reception hosted by Jodie Haydon at Kirribilli House. South of the border, this luxury jungle property thrums with mysterious spirits – and we’re not talking about the 3500-bottle tequila collection. Now some are shifting focus and teaching people how to feel good.

So when you get it right, it makes the pay-off so much sweeter. But a new survey released just hours before Treasurer Jim Chalmers stands up in Parliament has revealed what voters really want. Capital gains tax and negative gearing have dominated the pre-Budget headlines. The driver of an electric scooter has opened fire with a pistol near a drug hotspot in the French city of Nice, killing two people and injuring several more. Led by two internationally award-winning filmmakers, a new dedicated environmental film festival is set to debut in Margaret River next year. Investors are largely being kept in the dark about the financial impact of climate threats and little is being done to shield companies from looming risks.

Walyalup (Fremantle) coach Justin Longmuir says he’s conducting his own search to find the mystery Wharfie Time operator as he praised it for helping the Dockers get over the line against Hawthorn. It provides researchers with some explanation as to why breast cancer can return many years after successful treatment. Issy McNab was only seven when she started getting bullied on the school bus. A top WA university is among institutions and bodies expressing dismay at funding cuts to Australia’s research and development sector ahead of Tuesday’s Federal Budget. Curtin University was transformed into a glowing wildlife wonderland over the weekend as thousands of visitors descended on campus for the immersive Creatures on Campus experience.

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The S&P 500 has added a staggering 16.6 per cent since hitting a wartime low in late March, while the local bourse continues a long slump. Major investors are increasingly worried about the hype around artificial intelligence stocks driving US markets to repeated records as war boosts inflation. The $59.3 million valuation of the copyright was based on Deloitte estimates, but tax authorities have claimed it should have been closer to just $4 million. Business groups say Treasurer Jim Chalmers’ fifth budget was a missed opportunity to reform and shake off economic decline. The government will make changes to its selection process to target more educated, higher-skilled and younger migrants.

But shadow treasurer Tim Wilson flags support for $250 tax offset; Chalmers says voters care more about ‘substantive change’ than broken promises. The City of Kalgoorlie-Boulder continues pushing the State Government for more money in hopes the 2017 election commitment to upgrade Kalgoorlie International Speedway can come to fruition. What’s changed since 2019 to make a move on tax breaks for property investors more politically palatable?

As many as 600 workers have sold their ChatGPT developer shares, highlighting the huge payouts the AI boom is bringing to a select few. The US president accused Tehran of reneging on a promise to drop its nuclear ambitions as part of a deal to end the war, which threatens his meeting with Xi Jinping. France’s consumer body is warning that the platforms are selling unsafe items including overheating hairdryers and exploding batteries.

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Pay land tax and vacant residential land tax by instalments. Use this portal to access and manage your land tax information. You must tick the box below before searching the register. Search for these types of unclaimed money on the Australian Securities and Investments Commission website. If a business can’t return money to its owner, they must send it to the Victorian Unclaimed Money Register. Check the register for money that belongs to you.

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  • So when you get it right, it makes the pay-off so much sweeter.
  • What’s changed since 2019 to make a move on tax breaks for property investors more politically palatable?
  • As WA’s farmers face ongoing uncertainty, a RuralAid counsellor is encouraging producers to look after their mental health, take time out to talk through any issues, and keep an eye on their mates.

The Yindjibarndi people have been awarded the largest-ever payout for economic and spiritual loss after more than a decade of Fortescue mining iron ore on native title land in the Pilbara. Workers and first homebuyers are among the winners of the Federal Budget while the Government has broken its promise to keep property investor taxes unchanged. Markets run on information, but in the age of artificial intelligence, fake news and social media, investors must always question it or risk catastrophic results. Brisbane City Council has abandoned plans to rein aussie payid casino in short-stay rentals saying more red tape on property owners is not warranted. The annual wages and salaries bill for government sector workers are forecast to plateau at about $32.6 billion in 2030. A government with a massive parliamentary majority, an opposition in disarray and no election imminent.