Federal Budget 2021-2022

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Running Time: 28.41

Date: 01/06/2021

• LMITO retained for 2021-22 tax returns
• Personal tax rates unchanged for 2021-22
• Self-education expenses
• Primary 183-day test for individual tax residency
• Temporary full expensing
• Loss carry-backs
• Employee share schemes
• Patent Box for medical and biotech patents income
• Digital Economy Strategy
• Small business to be able to pause disputed ATO debt recovery
• Work test
• SMSF residency requirements
• Super Guarantee
• Downsizer