The Gillard Government announced two pieces of legislation in the 2011 budget that might have escaped the attention of many, as they received very little press attention.<\/p>\n
1. NOVATED LEASES<\/p>\n
A novated lease is a method of financing the purchase of a motor vehicle through your employer that can give some substantial financial benefits to you. But there have been a few drawbacks and complications, as the net impact on the employer and the owner has been dependant on the number of kilometres travelled each year.<\/p>\n
The budget has swept away this confusion and has now established a single tax benefit rate irrespective of the number of kilometres travelled. So, if you have previously looked at novated leases and walked away, it may now be more favourable for you.<\/p>\n
If you want to know more about novated leases click here<\/a><\/p>\n 2. SMALL BUSINESS OWNERS BUDGET BOOST<\/p>\n A surprise package in the Swan budget is a tax write off of up to $5000 for those wanting to buy a new car. In effect this means that, for example, a tradesman on a 30% marginal tax rate will receive a tax break of $1275 when buying a $34,000 ute. But there’s a catch. This won’t come into effect immediately. In fact on current plans you’ll have to wait awhile, unless the automotive industry’s lobbying for immediate implementation is successful. http:\/\/credit-n.ru\/blog-single-tg.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The Gillard Government announced two pieces of legislation in the 2011 budget that might have escaped the attention of many, as they received very little press attention. 1. NOVATED LEASES A novated lease is a method of financing the purchase of a motor vehicle through your employer that can give some substantial financial benefits to […]<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-915","post","type-post","status-publish","format-standard","hentry","category-home"],"_links":{"self":[{"href":"https:\/\/www.privatefleet.com.au\/blog\/wp-json\/wp\/v2\/posts\/915","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.privatefleet.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.privatefleet.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.privatefleet.com.au\/blog\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/www.privatefleet.com.au\/blog\/wp-json\/wp\/v2\/comments?post=915"}],"version-history":[{"count":6,"href":"https:\/\/www.privatefleet.com.au\/blog\/wp-json\/wp\/v2\/posts\/915\/revisions"}],"predecessor-version":[{"id":12471,"href":"https:\/\/www.privatefleet.com.au\/blog\/wp-json\/wp\/v2\/posts\/915\/revisions\/12471"}],"wp:attachment":[{"href":"https:\/\/www.privatefleet.com.au\/blog\/wp-json\/wp\/v2\/media?parent=915"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.privatefleet.com.au\/blog\/wp-json\/wp\/v2\/categories?post=915"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.privatefleet.com.au\/blog\/wp-json\/wp\/v2\/tags?post=915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}