Summary of proposal
Party
Independent
Policy Topic
Taxes
Portfolio
Treasury
The proposal would allow couples with a dependent to split their income for personal income tax purposes, so that it appears on their tax returns that they both earn the same amount.
All couples with at least one dependent would be eligible for income splitting. A dependent would be defined as a child aged 18 or younger, or a dependent of any age with a severe disability which requires them to live at home permanently.
The policy would commence from 1 July 2025.
13 March 2025