How to deal with tax and inheritances
An inheritance can mean having to handle life’s two grim inevitable events, death and taxation. It’s important that matters are handled with both tact and taxation considerations in mind.
How to crystallise your share losses and save on tax
When the sharemarket is performing like a roller-coaster and there’s a slump after a big rise earlier in the year, it’s good tax-planning practice to see if you can reduce the tax on gains by selling a few non-performing shares.
How share losses can lower your kids’ tax
Those with investments in shares may have seen a return to gloomy times – but there’s good news if you have a high taxable element in your fund and are eligible to have pensions.
Pay less tax on inherited property and shares
When property or shares are passed on to beneficiaries as an inheritance in someone’s will, the amount of capital gains tax payable will be partly dependent on when the assets were purchased.
How to avoid a deathly tax sting
An ATO ruling sounds a warning bell for DIY super funds paying pensions, which will have to become disciplined in the way they manage their investments in the pension phase to minimise capital gains tax.
How to make tax-effective managed fund investments
Managed funds pay tax as well, so investors need to know how to spot a tax-effective one – especially as most fund managers are focused on pretax outcomes.
How to get to grips with tax treatment of derivatives
The announcement in this year’s budget about the treatment of gains and losses from investment trading by super investors has prompted requests for clarification.
How to start the new tax year right
The new financial year is still quite young, which is the perfect opportunity to get your financial affairs in order. Here are some ideas to help you stay on track.
How not to fall foul of employee share schemes
The Australian Taxation Office is targeting employers who set up convoluted arrangements that provide shares to employees without paying fringe benefits tax.
How to give to charity tax-effectively
Whether it’s through a work scheme or a private trust, donations can make a difference. And there are a number of ways in which they can be made in a tax-effective manner.
How to buy your first property
For experienced home buyers it’s as easy as falling off a log, but for first timers the actual process of buying a property can be daunting. Here’s a guide to the basics.
How to pay less tax on your investments
There’s no point in making good investment decisions if you pay more tax than you have to.
How to understand budget changes to FBT and cars
The government’s changes to fringe benefits tax and cars may be the only good news out of the 2011 budget for higher-income earners.
How to react to budget changes on children’s tax
It’s time to take action following changes to the low-income tax offset in the budget for those under 18.
How to get the maximum tax refund
Everyone should pay their fair share of tax – and no more. It’s never too early in the financial year to start your tax planning, and here are some useful strategies.
How to pay less tax thanks to your partner
When a spouse earns less money or pays less tax than their partner, tax planning opportunities are there for the asking.
