Commentators are welcoming the moves.
There are two key tax changes in the Budget.
Commentators are welcoming two key tax changes announced in this year's Budget.
Foreign investments
The first is a significant shift in the foreign investment funds (FIF) regime, increasing the threshold from $50,000 to $100,000.
At present the FIF regime applies to any overseas shares, ETFs or funds where the cost of the amount invested exceeds $50,000 in the tax year. Tax is often paid on 5 percent of the value of your investments each year.
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