Julia's Blog
By Julia Hartman
Download PDF Unless everyone you want to provide for already has income of over $135,000 a year investment bonds do not offer a tax benefit. Even then the limited tax benefit may be completely offset by the fact that capital gains on investment bonds do not qualify for the 50% CGT discount. Probably the …
Download PDF The taxpayer, Paul Lance, argued that the sale of Sutton Farm as one block with subdivision approval was the sale of a property that he had intended to occupy as his home. He tried to argue that he only applied for the subdivision so his children could live there too. Therefore, he …
Download PDF Australia does not have an inheritance tax as such but watch them rip into your inheritance if it comes from overseas. This blog covers most common scenarios but not all possible circumstances. It is certainly not definitive advice. Firstly, what is an overseas estate? One that does not have an …
Download PDF Drawing the deposit for an investment property from a line of credit or similar account that is also used for other purposes will very quickly lead to none of the interest charged on the deposit being tax deductible. That is probably a reduction of 20% of the interest you can claim each …
Download PDF This is going to benefit all small businesses. We are even talking about your monthly Xero, MYOB or Quickbook subscription and the like. For every dollar you spend you get a tax deduction of 120%. Having only just made their way through parliament these extra deductions apply to expenditure incurred from 29th …