Terry's Tax Tips

go and get some advice. Its all there in my tax tips if you want to read them.

 

Another on the main residence topic:

Tax Tip 247: Strategy-Don’t live in your main residence if it is preCGT Tax Tip 247: Strategy-Don’t live in your main residence if it is preCGT

 

Tax Tip 248: CGT when Renting out a Room in your Main Residence Tax Tip 248: CGT when Renting out a Room in your Main Residence

 

Tax Tip 249: The 2 year Main Residence Rule After Death Tax Tip 249: The 2 year Main Residence Rule After Death

 

Tax Tip 250: Claiming Expenses you are not Entitled to Claim – a recent case Tax Tip 250: Claiming Expenses you are not Entitled to Claim – a recent case

 

Tax Tip 251: CGT and Building Depreciation Tax Tip 251: CGT and Building Depreciation

Tax Tip 252: CGT and Depreciation of Plant and Equipment Tax Tip 252: CGT and Depreciation of Plant and Equipment

Tax Tip 253: Income Timing Strategies with Companies Tax Tip 253: Income Timing Strategies with Companies

Tax Tip 254: Main Residence CGT Exemption Where one owner resides in the property and the other Tax Tip 254: Main Residence CGT Exemption Where one owner resides in the property and the other

 

Terry - I believe an area of interest for Tips will be strategies for persons who may potentially
change tax residency and their past main residence exemptions.

 

Here is more than 5 on the main residence exemption.

Tax Tip 244: A valuation is not needed if Moving into an Investment property Tax Tip 244: A valuation is not needed if Moving into an Investment property

Tax Tip 245: Can you use the 6 year rule with a short rental on Airbnb? Tax Tip 245: Can you use the 6 year rule with a short rental on Airbnb?

Tax Tip 246: 14 ways a main residence may not be exempt from CGT Tax Tip 246: 14 ways a main residence may not be exempt from CGT


Tax Tip 247: Strategy-Don’t live in your main residence if it is preCGT Tax Tip 247: Strategy-Don’t live in your main residence if it is preCGT

Tax Tip 248: CGT when Renting out a Room in your Main Residence Tax Tip 248: CGT when Renting out a Room in your Main Residence

Tax Tip 249: The 2 year Main Residence Rule After Death Tax Tip 249: The 2 year Main Residence Rule After Death

Tax Tip 254: Main Residence CGT Exemption Where one owner resides in the property and the other Tax Tip 254: Main Residence CGT Exemption Where one owner resides in the property and the other

 

Tax Tip 255: What is a Family Trust election? Tax Tip 255: What is a Family Trust election?

Tax Tip 256: CGT on granting an easement Tax Tip 256: CGT on granting an easement

Tax Tip 257: Family Trust Elections and Estate Planning Tax Tip 257: Family Trust Elections and Estate Planning

 

Any requests for particular topics?

 

Maybe something around tax effective super contributions whilst avoiding ECC for future super compounding benefits?
Maybe comes under financial planning / tax?

 

This is more of a financial advice question - making contributions to super.

 

Tax Tip 258: QLD Land held in Trust and Land Tax Exemption when living there Tax Tip 258: QLD Land held in Trust and Land Tax Exemption when living there

Tax Tip 259: Timing of the 6 year Rule – when does it start Tax Tip 259: Timing of the 6 year Rule – when does it start

Tax Tip 260: NSW Stamp duty Transfer of Property on the end of a relationship Tax Tip 260: NSW Stamp duty Transfer of Property on the end of a relationship

Tax Tip 261: Joint Ownership of QLD Land and Land Tax Tax Tip 261: Joint Ownership of QLD Land and Land Tax

Tax Tip 262: Related Party Loan and Use of Offset Accounts: Major Tax Issues Tax Tip 262: Related Party Loan and Use of Offset Accounts: Major Tax Issues

 

Tax Tip 263: Multi-generational Debt Recycling Strategy Tax Tip 263: Multi-generational Debt Recycling Strategy

Tax Tip 264: Property in a trust in NSW could cost $11,844 per year extra Tax Tip 264: Property in a trust in NSW could cost $11,844 per year extra

 

Tax Tip 265: And/or Nominee and CGT Issues Tax Tip 265: And/or Nominee and CGT Issues

Tax Tip 266: Land tax on NSW inherited main residence held by a Testamentary Trust Tax Tip 266: Land tax on NSW inherited main residence held by a Testamentary Trust

Tax Tip 267: Income tax Issues on Bonus Shares Tax Tip 267: Income tax Issues on Bonus Shares

Tax Tip 268: The Main Residence CGT Exemption on a Property Held in Trust? Tax Tip 268: The Main Residence CGT Exemption on a Property Held in Trust?

 

Master list dump

Tax Tip 1: Parking borrowed money in an offset account

Tax Tip 2: Debt Recycling

Tax Tip 3: Mixing Loans - Don’t do it

Tax Tip 4: Borrowing to Pay investment expenses

Tax Tip 5: Reimbursing yourself - Impossible

Tax Tip 6: Using Redraw to invest

Tax Tip 7: keep All Receipts forever

Tax Tip 8: Forgotten land Tax

Tax Tip 9: Don’t use Cash in Offset account to Invest

Tax Tip 10: Offset in the name of the lower income earner

Tax Tip 11: Further Borrowing against property deductible against the income it generates

Tax Tip 12: Credit Cards and Tax Issues

Tax Tip 13: Simple Loan Structuring Strategy

Tax Tip 14: Never ‘Park’ money in a loan

Tax Tip 15: Transfers for No Consideration and Deductibility of Interest

Tax Tip 16: Capitalising Interest

Tax Tip 17: Divorce and Deductibility of interest

Tax Tip 18: Strategy to Increase deductions on Divorce

Tax Tip 19: Avoid Using Redraw on an Owner Occupied Loan

Tax Tip 20: Never use a LOC as the main loan

Tax Tip 21: Tax Advantages of Buying property in 1 name only

Tax Tip 22: Security for a loan does not determine Deductibility of Interest

Tax Tip 23: The 6 year Absent from Main Residence Rule

Tax Tip 24: Capitalising Interest and Non working spouses

Tax Tip 25: Only Use Interest Only Loans To Acquire Investment Properties

Tax Tip 26: Claim interest on a main residence against CGT on sale

Tax Tip 27: Borrowing to knock down PPOR and build duplex and Rent one

Tax Tip 28: Selling an IP to pay down non deductible debt

Tax Tip 29: Timing the breaking of fixed loans

Tax Tip 30: How to Minimise land tax in NSW

Tax Tip 31: Should I buy in my name because I earn more money and can claim more?

Tax Tip 32: Delay paying CGT and save interest

Tax Tip 33: Deductibility of LMI

Tax Tip 34: Deductibility of LMI on loan increases

Tax Tip 35: Is LMI Deductible in These Situations?

Tax Tip 36: Consolidating Loans for investment properties

Tax Tip 36.5: Using your pet hamster as a custodian trustee

Tax Tip 37: Withhold tax on interest you pay to overseas entities

Tax Tip 38: Interest on Construction of an investment property

Tax Tip 39: Improving the Main Residence - Tax Free Money

Tax Tip 40: Tax Issues with Injecting money into Private Companies

Tax Tip 41: Land Tax and Absences from PPOR in VIC

Tax Tip 42: 'Principal Place of Residence' v 'Main Residence'

Tax Tip 43: Demolishing PPOR and Subdividing land and building 2 houses

Tax Tip 44: How to Un-Mix a Mixed Loan

Tax Tip 45: How to work out the Portions of a Mixed Loan

Tax Tip 46: Want to Pay IO on a PI loan?

Tax Tip 47: Spousal Loans as a Tax Strategy

Tax Tip 48: Hybrid or Unit Trust with loan in the wrong names

Tax Tip 49: Transfer of Title from Bare Trustee to Beneficiary and Tax Issues

Tax Tip 50: Minimising duty on Spousal Transfers

Tax Tip 51: Two Spouses: One wants to Invest the other Doesn’t

Tax Tip 52: Trusts and the main residence exemption for CGT

Tax Tip 53: Paid Deposit with cash - how to fix big mistake before settlement

Tax Tip 54: Why Not to Mix Loan Purposes

Tax Tip 55: An Exception to the rule about splitting before Repaying a Mixed Loan

Tax Tip 56: 2 Co-owners and Deductibility of interest where one rents to the other

Tax Tip 57: Gift Tax

Tax Tip 58: Two on title One on loan. Who claims Interest?

Tax Tip 59: Borrowing to Buy shares

Tax Tip 60: Never use cash to invest

Tax Tip 61: How to borrow 105% on your first purchase

Tax Tip 62: Paying Cash for a property and then getting a loan

Tax Tip 63: Don’t cause borrowed funds to take a detour

Tax Tip 64: Tax Consequences of a Beneficiary Living in a Trust property rent free

Tax Tip 65: Deductibility of Interest for paying out a loan of a deceased estate

Tax Tip 66: The Refinancing Principal and Partnerships

Tax Tip 67: Using Redraw Facilities on loans and Tax Issues

Tax Tip 68: Transfers Between Spouses and Stamp Duty in NSW

Tax Tip 69: Land Tax on Trust owned property in VIC and PPOR exemption

Tax Tax 70: NRAS Property and Deductibility of Interest and other expenses

Tax Tip 71: Deduction of interest after assets sold

Tax Tip 72: Borrowing to Pay Income Tax and Deductibility of Interest

Tax Tip 73: Multiple Offset Accounts and some Tax Issues

Tax Tip 74: Selling a property that secures other loans

Tax Tip 75: Refinancing 2 loans for the 1 property and potential tax issues

Tax Tip 76: Calculating the Cost Base for CGT purposes.

Tax Tip 77: Redrawing Extra Repayments to Increase Deductions?

Tax Tip 78: Capitalising Interest and Claiming it off CGT?

Tax Tip 79: Interest Deductibility for 1 on title 2 on loans

Tax Tip 80: Deductibility of Interest for 2 Unequal Owners

Tax Tip 81: Deductibility of interest property in name A but B paying loan

Tax Tip 82: Taking money from an offset account on an IP and Claiming Interest

Tax Tip 83: CGT on Death and the Passing of Property

Tax Tip 84: Don’t Pay your Rent into a LOC

Tax Tip 85: Sale of a Rental property to Related Company

Tax Tip 86: Don’t be so fearful of generating income from the main residence

Tax Tip 87: Moving out of the Main Residence and Interest

Tax Tip 88: Use cash in offset to invest or pay down loan and reborrow?

Tax Tip 89: Borrowing and onlending Interest Free to a Discretionary Trust

Tax Tip 90: Consolidating loans – be careful of tax issues

Tax Tip 91: A Non-owner running a business at home

Tax Tip 92: Property as Trading Stock

Tax Tip 93: Subdividing Property and Deductibility of Interest

Tax Tip 94: Inheriting Pre-CGT Property

Tax Tip 95: Land Tax in NSW Between Exchange and Settlement

Tax Tip 96: QLD Land Tax for Non Residents

Tax Tip 97: What is a gift from a taxation point of view?

Tax Tip 98: Depreciation and renting out a former main residence

Tax Tip 99: Vacant Land and the CGT Exemption

 

Tax Tip 100: Transfers between Spouses and CGT

Tax Tip 68: Transfers Between Spouses and Stamp Duty in NSW

Tax Tip 102: Transfers Between Spouses and Stamp Duty in the ACT

Tax Tip 103: Transfers Between Spouses and Stamp Duty in VICTORIA

Tax Tip 104: Interest in Advance and Tax Issues

Tax Tip 105: Don’t Claim the 6 year rule where there is a capital loss

Tax Tip 106: Deductibility of Expenses – General Concepts

Tax Tip 107: CGT exemption not stay in newly constructed house for 3 months

Tax Tip 108: Using Bucket Companies to Save Tax

Tax Tip 109: CGT and Being absent from the main residence for more than 6 years

Tax Tip 110: Tax Issues with Paying Executors of Estates

Tax Tip 111: Getting money out of a Bucket Company

Tax Tip 112: Segregating Cash in different accounts - No Need

Tax Tip 113: Applying Capital Losses against Capital Gains

Tax Tip 114: Franked Dividends and Tax

Tax Tip 115: Trust Losses and Franking Credits

Tax Tip 116: The cost of owning assets while having non-deductible debt

Tax Tip 117: Deductibility of Interest on Loans to finance Super Contributions

Tax Tip 118: Deductibility of interest where settlement never happens and deposit lost

Tax Tip 119: How to Reduce CGT on Investment Property (Part I)

Tax Tip 120: CGT and moving into an Investment Property

https://propertychat.com.au/community/threads/tax-tip-121-capital-losses-and-income-losses.10791/

Tax Tip 122: PreTax Equivalent Earnings on the PPOR offset

Tax Tip 123: Building on Pre-CGT Land

Tax Tip 124: NSW Land Tax: Comparison of Joint v Single Ownership

https://propertychat.com.au/community/threads/tax-tip-125-break-even-point-with-property-investing.10909/

Tax Tip 126: Interest Deductibility when property for sale and untenanted

Tax Tip 127: Your Average Tax Rate

Tax Tip 128: Capping your Tax Rate at 30%

Tax Tip 129: Deductibility of Loans when later renting out your main residence.

https://propertychat.com.au/community/threads/tax-tip-130-tax-deductibility-of-breaking-a-fixed-loan-on-owner-occupied.11103/

Tax Tip 131: Breaking a Fixed Loan – 3 Different Tax Consequences

Tax Tips 132: Terminal Illness – tax aspects to Consider

Tax Tip 133: Choice of Depreciation Method and Debt Recycling

Tax Tip 134: The Gift and Borrow Back Strategy and Tax

Tax Tip 135: The 6 year rule and renting part of your property out

Tax Tip 136: Claiming Stamp Duty on Properties located in the ACT (Part 1)

Tax Tip 137: Claiming Stamp Duty on Properties located in the ACT (Part 2)

Tax Tip 138: GST and Death Tax Tip 138: GST and Death

Tax Tip 139: Abolition of Duty on transfers of Units and Shares in NSW

Tax Tip 140: Strata Titling a property and CGT

Tax Tip 141: Strata Titling a property and CGT (Part II)

Tax Tip 142: Deductibility of Stamp Duty Penalty Interest

Tax Tip 143: The sale of a property – Capital or Revenue account?

Tax Tip 144: Taxation of Super on death

Tax Tip 149: Saving Tax by Splitting Income

Tax Tip 146: Contracting with Family to Divert income and Save Tax

https://www.propertychat.com.au/community/threads/tax-tip-147-how-to-earn-95-000-pa-and-pay-no-tax.15496/

Tax Tip 148: CGT and Different Parcels of the Same Shares

Tax Tip 149: NSW Land Tax Trap for Non-Citizens

https://www.propertychat.com.au/community/threads/tax-tip-150-how-to-pay-no-income-tax.16959/

Tax Tip 151: Dependant Children and the Main Residence CGT Exemption

https://www.propertychat.com.au/community/threads/tax-tip-152-cgt-wont-apply-to-me-as-i-will-never-sell-6-reasons-why-it-might.18004/

Tax Tip 153: CGT on Gifts and Under-market Value Transfers

Tax Tip 154:The effect Tax has on Compounding of investments

Tax Tip 155: Tax Deductions of Donations to Charities on Death

Tax Tip 156: Death and Leaving Assets to Non-Residents and CGT

Tax Tip 157: Difference on being taxed Capital v Revenue Account

Tax Tip 158: Borrowing Money from a Related Company (Div7A)

Tax Tip 159: No CGT on Transfer to a Special Disability Trust

tax Tip 160: Another Tax Reason not to Invest in your Own Name

Tax Tip 161: The new Duty on Spousal Transfers in VIC

Tax Tip 162: Taxation of Superannuation Proceeds Trusts

Tax Tip 163: Trusts and Land Tax in South Australia

Tax Tip 164: Deductibility for Costs of Setting Up a Trust

Tax Tip 165: Not all Main Residences are Exempt from CGT

Tax Tip 166: Non-Arm’s Length Income (NALI) and Taxation of Superfunds

Tax Tip 167: Land Tax and Vacant Land NSW

Tax Tip 168: CGT Strategy for living in an area with no expected capital growth

Tax Tip 169: Minor Children and the Main Residence Exemption for CGT

Tax Tip 170: Foreign Surcharge Exemption for Foreign Developers (NSW)

Tax Tip 171: An example of how Testamentary Trusts can Save Heaps of Tax

https://www.propertychat.com.au/community/threads/tax-tip-172-land-tax-comparison-owning-property-in-own-name-v-trust-in-nsw.30970/

Tax Tip 173: Strategy – Don’t rely of a lender’s valuation for CGT Purposes

Tax Tip 174: Transfers between Spouses and Stamp Duty in WA

Tax Tip 175: Subdividing Land and CGT

Tax Tip 176: Subdivision of Land and GST

Tax Tip 177: Stretching the 6 year absence rule indefinitely

Tax Tip 178: Spousal Transfers and Stamp Duty for ACT property

Tax Tip 179: Tax Issues when a Settlor is a Beneficiary of a Trust

Tax Tip 180: 10 Tax Myths

Tax Tip 181: Borrowing Money from Related Trusts and Deemed Dividends

Tax Tip 182: Land Tax and Religion in NSW

Tax Tip 183 Stamp Duty on the Termination of a Strata Scheme

Tax Tip 184: An Example of the Unfairness of QLD Land Tax to Non-Resident Citizens

Tax Tip 185: Land Tax Trap when moving into a rental property in NSW

Tax Tip 186: The effect of Taking a Year off Work to Save CGT

Tax Tip 187: Changing your mind on off the plan/Construction and deductibility of interest

Tax Tip 188: Use Capital Losses Quickly – Recycle debt + death

Tax Tip 189: Moving out of the Main Residence – When can you claim Interest on loans?

Tax Tip 190: CGT Strategy Wait 5.5 Years Before Selling the Old Main Residence

Tax Tip 191: Tax on Trust Income not Distributed

Tax Tip 192: Declarations of Trust and CGT

Tax Tip 193: When can Capital Work Deductions be Claimed when Constructing a Property?

Tax Tip 194: Transferring a Property from a Testamentary Trust to a Beneficiary Without CGT

Tax Tip 195: How long can Tax Losses be carried forward?

Tax Tip 196: Discretionary Trusts distributing income to a SMSF

Tax Tip 197: How much can be earned without having to pay tax?

Tax Tip 198: Fee-HELP and Deductibility of Course Fees

Tax Tip 199: Passing Assets from a Testamentary Trust to a Discretionary Trust CGT Free

 

Tax Tip 200: Claiming Interest on a Loan from a Bucket Company

Tax Tip 201: Can a Trust Distribute Franking Credits to Someone Other than the Dividend Recipient?

Tax Tip 202: Stamp Duty Exemptions for fixing Mistakes

Tax Tip 203: The Pleasures of CGT: 5 Reasons Why CGT is better than Income Tax

Tax Tip 204: Better to claim an expense off income rather than CGT?

Tax Tip 205: CGT on Main Residence when land over 2 Hectares

Tax Tip 206: What are ‘initial repairs’ and why they are not deductible?

Tax Tip 207: Tax Trap when renting out a New Property

Tax Tip 208: Main Residence CGT Exemption and Death During Construction

Tax Tip 209: How to Save CGT on Investment Property Part II – Planning ahead

Tax Tip 210: How Non-Owners can be affected by the Main Residence Exemption

Tax Tip 211: Deductions for Travel Expenses Related to Property

Tax Tip 211: Claiming Interest after Sale of Asset at a Loss

Tax Tip 213: Can a Trust distribute to a private school so you can save tax?

Tax Tip 214: At what date is CGT Triggered? Part 1

Strategy: Sell a property - 10 reasons to consider selling

Tax Tip 215: Transfer of Property to a Special Disability Trust and Stamp duty Exemptions

Tax Tip 216: Tax Trap Demolishing the Main Residence and Selling Land

Tax Tip 217: Declarations of Trust and Stamp Duty

Tax Tip 218: Renting out Part of the Main Residence and CGT

Tax Tip 219: Debt Recycling v Borrowing Extra to Invest

https://www.propertychat.com.au/community/threads/tax-tip-220-strategy-to-avoid-cgt-for-generations-to-come-forever.39833/

Tax Tip 221: Family Law Property Settlements: Tax Considerations

Tax Tip 222: Borrowing to Pay Super and Deductibility of Interest

Tax Tip 223: When can the Main Residence CGT Exemption be claimed?

Tax Tip 224: Can you claim Travel Relating to Property off CGT?

Tax Tip 225: SMSFs and Negative Gearing

Tax Tip 226: Trustee reporting and withholding obligations

Tax Tip 227: Redemption or transfer of Units in Unit Trust and CGT

Tax Tip 228: Break even points with Using Offset Accounts to Invest

Tax Tip 229: What are “Borrowing Expenses” for tax purposes?

Tax Tip 230: Deductibility of Interest when Refinancing Loans

Tax Tip 231: Inheriting a former investment property and CGT

Tax Tip 232: Simple Tax Strategy to Increase Deductions

Tax Tip 233: The 6 year rule when moving into an IP and then out again

Tax Tip 234: At What Point is a Bucket Company Worth it for Share Investors?

Tax Tip 235: Transfer of a SMSF property in Vic to member in without duty

Tax Tip 236: Stamp duty and Partition of Land in VIC after settlement

Tax Tip 237: What’s the cost base of a Main Residence if Not initially counted as the main residence

Tax Tip 238: What is Dividend Stripping?

Tax Tip 239: Bucket Companies and Diversion of Income to Adult Children with no tax payable

Tax Tip 240: Buying a Main Residence which is initially tenanted and CGT.

Tax Tip 241: Leave your children 2 properties CGT free on death

Tax Tip 242: Pre CGT Assets and Death

Tax Tip 243: Deemed Capital Gains without Selling – Development Risk

Tax Tip 245: Can you use the 6 year rule with a short rental on Airbnb?

Tax Tip 246: 14 ways a main residence may not be exempt from CGT

Tax Tip 247: Strategy-Don’t live in your main residence if it is preCGT

Tax Tip 248: CGT when Renting out a Room in your Main Residence

Tax Tip 249: The 2 year Main Residence Rule After Death

Tax Tip 250: Claiming Expenses you are not Entitled to Claim – a recent case

Tax Tip 251: CGT and Building Depreciation

Tax Tip 252: CGT and Depreciation of Plant and Equipment

Tax Tip 253: Income Timing Strategies with Companies

Tax Tip 254: Main Residence CGT Exemption Where one owner resides in the property and the other

Tax Tip 255: What is a Family Trust election?

Tax Tip 256: CGT on granting an easement

Tax Tip 257: Family Trust Elections and Estate Planning

Tax Tip 258: QLD Land held in Trust and Land Tax Exemption when living there

Tax Tip 259: Timing of the 6 year Rule – when does it start

Tax Tip 260: NSW Stamp duty Transfer of Property on the end of a relationship

Tax Tip 261: Joint Ownership of QLD Land and Land Tax

Tax Tip 262: Related Party Loan and Use of Offset Accounts: Major Tax Issues

Tax Tip 263: Multi-generational Debt Recycling Strategy

Tax Tip 264: Property in a trust in NSW could cost $11,844 per year extra

Tax Tip 265: And/or Nominee and CGT Issues

Tax Tip 266: Land tax on NSW inherited main residence held by a Testamentary Trust

Tax Tip 267: Income tax Issues on Bonus Shares

Tax Tip 268: The Main Residence CGT Exemption on a Property Held in Trust?

 

Thanks Shireboy.

Attached is an excel spreadsheet containing a complete list with links too.

 

Has anyone read every tax tip - the whole 269 of them?