Back to basis – I don’t think I have written a tax tip on refinancing. Refinancing one loan with another loan does not change the deductibility...
There are 2 major issues when taxpayers want to claim the interest on a loan relating to a former main residence: a) Redrawn amounts b)...
Some people have carried forward capital losses. These losses can usually be carried forward until the taxpayer has a capital gain which can ‘soak...
The effect Tax has on Compounding of investments I read on another forum that Tony Robbins used this great example to demonstrate the effect...
CGT won’t apply to me as I will never sell: 6 Reasons why it might A phrase I often hear is that “I don’t care about CGT because I will never...
Contracting with Family to Divert income and Save Tax Last time I posted on saving tax by splitting income. This is one way to do it. It is...
A 'bucket company' is a company which is set up merely to receive income from trusts. It will not trade or do business, but just accumulate...
Deductibility of Expenses – General Concepts Expenses such as interest, and other costs, can be deductible because of section 8-1 of the Income...
Tax Tip: Interest in Advance and Tax Issues Prepaying interest in advance is a tax strategy used to bring forward expenses to an earlier tax...
Update 12th June 2018: This exemption no longer applies in Victoria - the law has been changed. Please see Tax Tip 161: The new Duty on Spousal...
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