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Posted in Medical

Net Medical Expenses Tax Offset Phase Out

Posted on 26 June 2013
  What does this mean for you? As part of the 2013-14 Budget the Government announced that it will gradually phase out the Net Medical Expenses Tax Offset (NMETO) with a "use it or lose it" system. This will mean if you do not claim the NMETO in your 2012-13 tax return, you will not be eligible for the offset in any future year. If you received the NMETO in your 2012-13 tax return, you will be eligible to receive the offset for all eligible out-of-pocket...
Posted in: NMETO Medical Planning 2013 Admin Compliance Tax Obligations ATO Strategy   2 Comments

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