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Tax saving strategies prior to 1 July 2024 A strategy often used to reduce taxable income (and, in turn, tax payable) in an income year is to bring forward any expected or planned deductible expenditure from a later income year. This is even more valuable in the 2023/24 income year, as tax cuts are broadly being implemented for most individual taxpayers from 1 July 2024 (meaning deductions will generally have more impact if they are claimed in the 2023/24 tax return). Get the checklist here ![]()
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