How is the budget going to influence the entrepreneur? Well if you are a property investor. We see that the vast infrastructure plan will lift activity from listed industrial companies and promote growth. However, some investors will be hit by the changes to concessional superannuation contributions.
If you are a first Home Owner the Fund will be extended by a further six months from June 30. People who enter into contracts on or before September 30 will still be eligible for a grant of $14,000 for an existing dwelling and $21,000 for a new home.
The more generous scheme will then been phased down, and end after December 31. Read more
As a small company owner I will be able to claim a 50 percent tax deduction on new capital worth $1,000 or more, such as vehicles, purchased between December 13, 2008 and December 31 this year. This is even better than the 30% tax deduction that I thought was being out into place.
Larger companies – particularly industrial and transport groups – are set to gain from the $22 billion infrastructure plan.
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