If one family member moves their primary residence into a trust for 3 beneficiaries (and that family member becomes a trustee and 1 of the 3...
Howdy all. Just a query as I have doubts with my current accountant. To give a picture and context I have two Investment properties in my own name...
Stretching the 6 year absence rule indefinitely Most readers will be familiar with the ‘6 year rule’. This rule basically states that a person...
Strategy: Use a Year of Low Income to Save Tax Sometimes people may stop working for a year or so and have no income, or even negative income if...
Hi, A little bit about me first - my partner and I are looking to purchase our first house, cost is approx. $1m inclusive of stamp duty. This...
Terminal Illness – tax aspects to consider Read this in conjunction with my Legal Tip 133: Terminal Illness – Legal Aspects to Consider Legal...
With June 30 fast approaching, can any of the accountant / tax savvy types confirm whether prepaid PM fees would be tax deductible in current FY?...
Deductibility of Loans when later renting out your main residence Interest on loans is only deductible if it relates to the production of income....
At what income level is it more tax effective to retain income in a company? Tax on income of a company (that is not a small business) is just...
Structuring the Renovation of a PPOR Not sure whether this post should be in finance or tax. It mainly relates to loans with a bit of tax advice...
CGT and moving into an Investment Property When moving into a property that has previously been rented out the main residence CGT is not...
How to Reduce Capital Gains Tax on Investment Property (Part I) Below are some ways in which CGT may be reduced on the sale of an investment...
The cost of owning assets while having non-deductible debt If a person has $100,000 in income producing assets but $100,000 owing on their...
Losses can be used to offset gains. But capital losses can only be used to offset capital gains. Losses are applied before the 50% discount....
Cutting your spending rate is more effective than increasing income by the same amount Did you realise that decreasing spending is much more...
Getting money out of a Bucket Company A bucket company is usually a company set up to receive and hold money, often distributions from a...
Tax Issues with Paying Executors of Estates Many people want to leave something extra to the executor of their estate upon death. The position of...
There is a new service providing advice on legal tax minimisation. It is published as 'Tax Confidential' by Fitzroy Publication. The author goes...
We are planning to rent out our existing property and buy another property for living. I’ve talked to the bank where we have our current mortgage...
We're seriously considering spending 8 months or more next year travelling across Europe in a motorhome. Could we still be considered Australian...
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