Tax Tip 577: How to Earn $90,000 pa and pay just 4.8% tax From July 2024 a resident individual taxpayer will be able to earn up to $45,000 and...
Setting up a discretionary trust is usually done by deed or by will. It is a serious endeavour as the trust can hold valuable assets and it can...
This one is not generally known to most tax advisors. I learned about it from @Mike A A minor with a disability can potentially receive income...
If a person is able to transfer a property to a special disability trust or SDT, the capital gain or capital loss on the disposal of the asset is...
I know a lot of people don’t like investing in property and they prefer to invest into shares instead. There are a number of reasons for this...
Tax Tip 573: Can Trust B distribute to Trust B to soak up a loss It is a possibility. One Trust can distribute income to another trust. The...
Tax Tip 571: 3 Properties CGT Free (or close) for an overlapping period? I have mentioned before that a property pregnant with CGT could have...
It is possible for the trustee of a deceased estate to buy a property to allow a beneficiary to reside in, and for the beneficiary to later move...
Tax Tip 567: Transferring Company shares to a Holding Company without CGT It is possible to insert a company between the shareholder and the...
Tax Tip 565: Strategy-Live in Every Property you Buy initially If you live in a property and establish it as your main residence then you could...
Tax Tip 564: Using Unused Concessional Super Contributions to Reduce CGT This strategy needs advice from a financial advisor and tax advisor....
Tax Tip 563: Substitution of Security and Deductibility of Interest It can be possible to keep a loan open once the asset that was used as...
Loan Tip: Lawyers Needing Legal Advice Often when someone guarantees a loan for a related company the lender will require the guarantor to get...
Tax Tip 562: Land Tax in WA between Contract and Settlement The taxing date for land tax in WA is 30 June each year. Where a contract has been...
Tax Tip 561: Avoid Land Tax by arranging possession before settlement In NSW land tax is generally levied on the legal owner of the land as of...
Strategy for Share investors involving Property Strategy for Share investors involving Property Debt Recycling Strategy: Buy and Sell...
Tax Tip 557: Debt Recycling into Assets that pay no Income Debt Recycling is converting a loan on which the interest isn’t deductible into a...
Tax Tip 556: Redrawing to invest from a Loan that is in Credit Loans have negative balances usually. The borrower owes the bank the money they...
In most cases it is best to not increase and existing loan, but to instead to borrow more money as a separate loan. Failure to do this could...
Tax Tip 553: Can Contributing to Super Avoid Having to Repay HELP debts? HELP or the Higher Education Loan Program Is a system to allow for...
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