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Notes Online Home 2016 Tax Hot Spots II What's New
Small Business Income Tax Offset ('SBITO') increase proposed for 2017
In this section of the notes we cover the Small Business Income Tax Offset (‘SBITO’) increase proposed for 2017. In particular, the following:
- Increasing the value of the discount
- Increasing access to the discount
- Limited access for SBITO for multi-tiered business structures
- Calculating net small business income
- Maximising SBITO claims