2023-24 Federal Budget: Ute buyer frenzy to beat June 30 deadline for Instant Asset Write-Off

Ute buyers and tradies are in a race against time to take delivery of their new work vehicle before the current Instant Asset Write-Off tax break expires and the spending cap drops from $65,000 to $20,000 – barely enough for a pizza-delivery hatchback.

Federal budget 2023: winners and losers summary

Here’s a breakdown of the 2023 federal budget winners and losers.

ATO swings axe on landlords submitting dodgy tax returns

The Australian Taxation Office (ATO) has vowed to crack down on landlords submitting dodgy tax returns, after a recent review found nine in 10 made mistakes and wrongfully claimed expenses.