The Liberals are offering a one-off Cost of Living Tax Offset that will deliver an individual tax relief of up to $1200. That’s the promise according to this advertising feature provided by ACT Liberal Senate candidate JACOB VADAKKEDATHU.

“Real money, in your pocket, at a time when so many people need it,” is the Liberal plan for immediate relief from cost-of-living pressures. 

ACT Liberal Senate candidate Jacob Vadakkedathu said: “Many people are struggling to keep up with the cost increases that have occurred over the past three years under Labor.”

He said the Liberals would deliver a one-off Cost of Living Tax Offset that would apply to around 85 per cent of taxpayers and would deliver an individual tax relief of up to $1200.

The Cost-of-Living Tax Offset meant Australians earning up to $144,000 would get up to $1200 in tax relief when they lodged their tax return (for 2025-26).

“Tax isn’t the government’s money, it’s your money,” said Jacob.

“We believe you should keep more of what you earn. That’s especially important given your rising living costs.

“You will always pay less tax under the Liberals, and that’s why we’ll also halve fuel excise for 12 months.

“This means for a household with one car filling up once a week, a saving of $14 or around $700 over 12 months. For a household with two cars, the savings double to around $1500 over the year.”

Candidate Vadakkedathu said the Liberals also have a plan that would restore home ownership for young Australians in the ACT. 

“For the first time in Australia, under an elected Liberal government, first home buyers will be able to claim a tax deduction on mortgage interest payments for new-build homes,” he said.

“The First Home Buyer Mortgage Deductibility Scheme is part of a comprehensive policy designed to restore the dream of home ownership and make homes more affordable for young Australians in our local community.

“The scheme will provide a tax deduction for interest payments for the first five years of a mortgage.

“This is part of our comprehensive plan to make housing more affordable. Our plan also includes:

1. Boosting supply. We will invest in water, sewerage and roads infrastructure needed to unlock 500,000 new homes.
2. Easing demand. We will introduce a two-year ban on foreign investors and temporary residents buying existing property and reduce migration from Labor’s current record levels.
3. Assisting first home buyers. We will offer the choice of using up to $50,000 of your super towards a deposit. And we will change lending rules to help young Australians access a mortgage.
4. Supporting construction. We will increase apprentices and trainees to help build more homes and deregister the lawless CFMEU.
5. Low interest rates. We will deliver a strong economy with lower inflation that reduces pressure on interest rates.

“This plan will build more homes and ensure young Australians are prioritised,” Jacob said.

“We also have a long-term plan to tackle inflation, by reining in wasteful spending that fuels inflation, supporting small businesses and delivering cheaper energy.

“We’ll also reduce the cost of medicines to $25 and deliver record Medicare funding to ensure all Australians can afford to see a doctor.”

Authorised by A Wojtonis, Liberal, 4/50 Geils Court, Deakin ACT 2600.