BAS  

Call us: 0415234242

  • Tax Update

    18 October at 15:35 from atlas

    Net medical expenses tax offset phase out

    On 14 May 2013, the government announced in the 2013-14 Budget that it will phase out the net medical expenses tax offset.

    From 1 July 2013, those taxpayers who received the offset in their 2012-13 income tax assessment will continue to be eligible for the offset for the 2013-14 income year if they have eligible out-of-pocket medical expenses above the relevant claim threshold. Similarly, those who receive the tax offset in their 2013-14 income tax assessment will continue to be eligible for the offset in 2014-15.

    The changes mentioned above will not apply to all taxpayers - the offset will continue to be available for taxpayers with out-of-pocket medical expenses relating to disability aids, attendant care or aged care expenses until 1 July 2019. 

 

Contact information

Address 3/70 JELLICOE STREET
LIDCOMBE NSW
Australia
2141
Phone 0415234242
Fax 0295646489
Mobile 0415234242
Send an Email Get vCard
Opening hours

Monday-Friday
9.30am-5.00pm

Saturday by appointment