Tax time checklist for property investors
If you have an investment property, here are some tips to help you prepare at tax time
Tag: Tax
Super and tax – what’s changing on 1 July 2024
Download PDF version Super and tax – what’s changing on 1 July 2024 Here’s a quick rundown of the latest law changes They say nothing is certain in life except two things – death and taxes. Australians can probably add a third – the knowledge that come the end of financial year, the rules around superannuation and taxation will inevitably change. It can be hard keeping up with all the latest super and tax rule …
How to boost your retirement savings as super and tax laws change
Stay up-to-date with the latest information, views, and expert opinions to help you take care of your financial future.
What is capital gains tax and when might I have to pay it?
What is capital gains tax and when might I have to pay it? Capital gains tax may be payable when you sell a certain asset (such as shares, land or property) and make a profit. Capital gains tax is charged on the profit you make from the sale of certain assets. These could be assets that you’ve purchased or inherited. To give you a few examples, capital gains tax might apply to things such as …
Tax-deductible superannuation contributions explained
Tax-deductible superannuation contributions explained Did you know you can claim a tax deduction on certain super contributions when you do your tax return? Whether you’re employed, self-employed, unemployed or retired, you might be eligible to claim a tax deduction on your after-tax super contributions. After-tax super contributions are voluntary payments made into your super and don’t include compulsory superannuation guarantee or salary sacrifice contributions. How do I make a tax-deductible super contribution? There are various ways to make …
Tax deductible donations: Get the most out of giving back | Money & Life
Tax deductible donations: Get the most out of giving back Giving to charity can be a great way to help others and give your tax return a boost, but not all donations are tax deductible. Here’s what you need to know about making a tax deductible donation. Donating to a charity or cause you care about is a win-win for both you and the charity. Charities rely on the generosity of donors to help them …
Tax deductible donations: Get the most out of giving back | Money & Life
Tax deductible donations: Get the most out of giving back Giving to charity can be a great way to help others and give your tax return a boost, but not all donations are tax deductible. Here’s what you need to know about making a tax deductible donation. Donating to a charity or cause you care about is a win-win for both you and the charity. Charities rely on the generosity of donors to help them …
Make a plan for your tax refund
Some ways to use your tax refund for a stronger financial future Not sure what to do with your tax refund? Strategic financial decisions for your tax return begin with a strong plan. Whether you breeze through tax time or dread the extra admin, receiving a tax refund makes the effort worthwhile. For many of us, getting a financial boost will be even more welcome this year, and you might be looking around for the …
6 steps to get your money stuff together
6 steps to get your money stuff together If you’re like three out of four Australians, you may have started the year without a proper budget.i Research indicates that over a third of us believe budgeting is too much effort and almost one in five Aussies say budgeting takes too much time.i Here are some easy wins to keep you on the right track for 2019 1. Work out your goals If you don’t know …
How to max your tax refund
How to max your tax refund Expecting a refund from your 2017/18 tax return? 77 out of 100 Aussies are likely to get one and many could already have plans to spend it. If you’re one of them, find out how to treat yourself right with your windfall and be better off for good. For most of us, tax refunds rarely come as a complete surprise. In fact, sometimes we might even be using the …