1. Skip to navigation
  2. Skip to content
  3. Skip to sidebar




Property News

Tax cuts may spell relief for Australian businesses

March 15, 2012

A recent announcement from the Australian government may signal relief for businesses and encourage commercial property investment across the nation.

Draft legislation to cut company tax from 30 per cent to 29 per cent for the 2013-14 tax year and for subsequent income years was released yesterday (March 14), in an effort to support growth in the Australian economy.

Small firms will be able to benefit from the tax cut in 2012-13, a move that the government says will assist up to 720,000 small business companies.

The relief may also allow small firms to more confidently handle expenses such as employee salaries and rental leases on their commercial retail property.

The statement released by the Treasury declared: "Cutting the company tax rate will increase productivity, promote broad-based economic growth and encourage more investment and jobs across Australia's entire economy."

The nation's mineral wealth has contributed to reduction in the corporate tax rate, as the rebate is being funded by super-profitable mining companies through the Minerals Resource Rent Tax. 



Related Articles

Brisbane's fringe the place for office rental in the city

Those on the hunt for commercial real estate may want to look at Brisbane's fringe, according ...
read more

Brisbane industrial property a safe bet for investment

There is growing demand for industrial property in Brisbane, the latest report on the city's ...
read more

Major developments coming to south east NSW

While most everyone knows about the major changes coming to the city of Sydney, the largest city in ...
read more

Latest Articles

Increased construction figures across New South Wales highlight investment strength

Buyers looking for a great area to consider land investment and property construction in the near ...
read more

Regional Victorian home values increase significantly during last 12 months

Regional Victoria has seen house prices rise again during the last quarter, with new data ...
read more

RP Data: Quarterly rental data highlight slowing capital market

Owners of investment property could be interest to see the latest statistics from RP Data, with the ...
read more