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13 May 08 Tightening eligibility for the dependency tax offsets

The Government will introduce an income threshold of $150,000 for the claimant to determine eligibility for the Dependent Spouse, Housekeeper, Child Housekeeper, Invalid Relative and Parent/Parent in law tax offsets, with effect from 1 July 2008.

From 1 July 2009, the Government will align the definition of income for these offsets with that applying to family assistance payments. In addition, the income threshold of $150,000 will be indexed from 1 July 2009.

For a copy of the Treasurer's media release, No 2008/47, 13 May 2008, go here

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