Articles
Qualifying as an interdependent or financial dependant
When dealing with death benefit nominations, a question often gets asked is whether a person will qualify under the interdependency or financial dependency definitions. This ...
Who Is a Resident For Tax Purposes?
A person’s residency for tax purposes can be one of the most difficult issues to determine in Australian tax law. And it is not just ...
Property Developers – And Would Be Ones – Beware!
Federal Court Decision Offers Insight for Property Developers For property developers - or would-be property developers – a recent decision of the Federal Court may ...
Small business skills and training boost
Looking to boost your employees’ skills and your tax deductions at the same time? Then keep reading to see if you could be eligible for ...
How to reduce your income tax bill using superannuation
Did you know you can reduce your income tax by making a large personal tax-deductible contribution from your take-home pay to your super? This strategy ...
Avoid schemes targeting SMSFs
Sometimes promoters of schemes target self-managed super funds (SMSFs). Schemes can include tax avoidance arrangements that inappropriately channel money or assets into your SMSF so ...
Self-education – when is it deductible?
There is no specific provision in the income tax legislation that allows a deduction for self-education expenses. Rather the expenditure falls for consideration under the ...
Discounting your capital gain
The capital gains tax (CGT) discount can reduce by 50% a capital gain that you make when you dispose of (sell) a CGT asset that ...
Super withdrawal options
For individuals who have retired and met a condition of release, or who have turned 65 and are stillworking, you can receive your superannuation as ...