From williambuck.com: As the 2025 financial year-end approaches, tax planning is complicated by upcoming federal elections and potential legislative changes.

Key confirmed measures include the extension of the instant asset write-off until June 30, 2025, and the non-deductibility of General Interest Charges from July 1, 2025.

Additionally, uncertain proposed measures, like the $3 million cap on superannuation tax concessions, require careful consideration for those close to the threshold, while the ATO’s increased scrutiny of trust distributions adds further complexity to tax planning strategies.