Here at Gotis Rubic & Barbariol, tax accountants Concord, we provide professionals with tax help; we also have many areas where we help in relation to personal tax and other grants available to individuals. Some examples of this are as follows:
First Home Owner Grant (FHOG)
This program was put into effect 1 July 2000. This was to help offset the effect of GST when purchasing a home. First time homeowners are entitled to a one time only grant of up to $7,000 if they meet all of the eligibility requirements.
First Home Owner Boost
The Australian government introduced the First Home Owner Boost, in addition to the FHOG. This was to help those who wished to construct or buy their first home. This program has expired on 31 December 2009.
Individual Tax Rates for Australian Residents
For 2009-10 the tax rates are:
| $0 – $6,000 | Nil |
| $6,001 – $35,000 | 15c for each $1 over $6,000 |
| $35,001 – $80,000 | $4,350 plus 30c for each $1 over $35,000 |
| $80,001 – $180,000 | $17,850 plus 38c for each $1 over $80,000 |
| $180,001 and over | $55,850 plus 45c for each $1 over $180,000 |
