New Tax Brackets 2025 Australian Government. Foreign property sellers will lose 15 per cent of the sale price to the tax office from january 1, an increase from 12.5 per cent, and sales under $750,000 will no longer be exempt. From 1 july 2024, the tax.

New individual income tax rates and thresholds apply to all taxable income you earn from 1 july 2024. Reduce the 32.5 per cent tax rate to 30.