Notes Online
Welcome to Notes Online.
We offer chapters and articles for individual purchase and we hope you benefit from using our Notes Online.
Disclaimer
These notes are intended to be a guide only. None of the comments contained in these seminar notes are intended to be advice, whether legal, financial or professional. You should not act solely on the basis of the information contained in these notes because many aspects of the material have been generalised and the tax laws apply differently to different people in different circumstances. Further, as tax and related laws change frequently, there may have been changes to the law since the notes were written. Specific advice should always be obtained from a tax professional.
Price
$24.20
Document Type
Article
Pages
11
Notes Online Home 2016 Tax Schools Day 1 What's new for individuals
New 5% tax discount for income earned from unincorporated small businesses
In this section of the notes we will discuss the new 5% tax discount for income earned from unincorporated small businesses
- Which individuals are eligibile for the 5% tax discount from 1 July 2015?
- Calculating the 5% tax discount (i.e., SBITO) for eligible individuals
- New disclosure requirements on the 2016 ‘I’ return – Items 13 and 15