Just to bring you up to date with the changes for the 2010 Budget.  You may have a good understanding already from the media, but if not here's a general summary below.  For more information click on the links to get a better idea of what changes will affect you. 

If you've got any queries please don't hesitate to give us a call.

Have a great day

Regards

The Active Team

General Summary:

• Personal Tax Cuts from 1 October 2010
• GST rises to 15% from 1 October 2010
• From 1 April 2011 property investors will no longer be able to claim depreciation on their buildings
• From 1 April 2011 the value of assets held in trusts will be counted as part of the household's income when calculating Working for Families 
• Company Tax cuts from 1 April 2011
• Commercial building fitout building
• Changes to LAQC & QC rules

Check out the links below:
Budget 2010 tax changes - at a glance
Fact Sheet - Tax integrity
Fact Sheet - LAQC & QC changes
Fact Sheet - Working for Families changes
Fact Sheet - Depreciation loading
Fact Sheet - Building Depreciation
Fact Sheet - Savings tax changes
Fact Sheet - Company tax cut
Fact Sheet - GST & compensation
Fact Sheet - Personal tax cuts