Оглавление
Adrian Raftery. 101 Ways to Save Money on Your Tax - Legally! 2022-2023
Table of Contents
List of Tables
List of Illustrations
Guide
Pages
101 WAYS TO SAVE MONEY ON YOUR TAX - LEGALLY! THE ESSENTIAL GUIDE FOR ALL AUSTRALIAN TAXPAYERS
ABOUT THE AUTHOR
HOW TO USE THIS BOOK
TIP
TAX FACT
PITFALL
BONUS RESOURCES
FAQ
PROPOSED CHANGE
COVID-19 RELIEF
INTRODUCTION
PART I YOU AND YOUR FAMILY
TAX FACT
TIP
1 MARRIAGE
TIP
PITFALL
TAX FACT
EXAMPLE
2 INCOME SPLITTING
TIP
EXAMPLE
PITFALL
TIP
3 DEPENDANT (INVALID AND CARER) TAX OFFSET
TAX FACT
PITFALL
TIP
TAX FACT
EXAMPLE
4 CHILDREN
PITFALL
EXAMPLE
TIP
EXAMPLE
PITFALL
5 PAYMENTS FOR NEW PARENTS
Paid parental leave
TAX FACT
TAX FACT
TAX FACT
Dad and partner pay
TIP
PROPOSED CHANGE
6 CHILD CARE
TIP
TAX FACT
TAX FACT
PITFALL
PITFALL
7 LOW-INCOME EARNERS
Low-income tax offset
Low and middle income tax offset
TIP
Superannuation co-contribution
Superannuation spouse contribution tax offset
TAX FACT
Low-income superannuation tax offset
Low-income health care card
8 SENIOR AND PENSIONER TAX OFFSET
TIP
TAX FACT
TIP
TIP
9 OTHER GOVERNMENT BENEFITS
TIP
Family Tax Benefit Part A
Family Tax Benefit Part B
Parenting payment
JobSeeker Payment
Income test
Assets test
Youth Allowance
National Disability Insurance Scheme
Transition to work
Home equity access scheme
PITFALL
PITFALL
Seniors card
Other benefits
10 FAMILY BREAKDOWN
Transfer of assets
TAX FACT
PITFALL
Transfer of superannuation
Child support and spouse support payments
TIP
11 DEATH
Date of death return
TIP
Deceased estate returns
TAX FACT
Beneficiaries
PITFALL
12 FAMILY TRUSTS
TIP
TAX FACT
PITFALL
PITFALL
TAX FACT
TIP
PART II YOUR EMPLOYMENT
TAX FACT
TAX FACT
COVID-19 RELIEF
13 CAR USAGE
TIP
EXAMPLE
EXAMPLE
PITFALL
FAQ
14 METHODS TO CLAIM CAR TRAVEL
TIP
TIP
PITFALL
EXAMPLE
TAX FACT
PITFALL
15 TRAVEL
PITFALL
TIP
COVID-19 RELIEF
TAX FACT
PITFALL
PITFALL
16 UNIFORM
COVID-19 RELIEF
TAX FACT
TIP
EXAMPLE
PITFALL
BONUS RESOURCES
17 HOME OFFICE
TIP
COVID-19 RELIEF
TIP
PITFALL
TIP
EXAMPLE
PITFALL
TIP
EXAMPLE
18 OTHER WORK-RELATED DEDUCTIONS
TIP
TIP
EXAMPLE
PITFALL
FAQ
19 KEEPING THOSE RECEIPTS
TIP
TIP
PITFALL
TIP
TAX FACT
PITFALL
20 ATO HIT LISTS
TAX FACT
PITFALL
TIP
PITFALL
TAX FACT
TAX FACT
21 REDUNDANCY
TAX FACT
Tax-free component of genuine redundancy
Balance of redundancy
TIP
Unused leave entitlements
EXAMPLE
PITFALL
22 WORKING A SECOND JOB
PITFALL
EXAMPLE
TIP
23 SALARY SACRIFICE
TAX FACT
TIP
TIP
PITFALL
24 FRINGE BENEFITS
TAX FACT
TAX FACT
TAX TIP
TAX FACT
TAX FACT
TAX FACT
EXAMPLE
PITFALL
25 LIVING-AWAY-FROM-HOME ALLOWANCE
TAX FACT
Accommodation
PITFALL
Food
TAX FACT
PITFALL
TAX FACT
PART III YOUR EDUCATION
TAX FACT
TIP
BONUS RESOURCES
26 CLAIMING SELF-EDUCATION EXPENSES
TAX FACT
PITFALL
TIP
Self-development courses
PITFALL
PITFALL
TAX FACT
EXAMPLE
27 THE $250 THRESHOLD
PROPOSED CHANGE
EXAMPLE
TAX FACT
TAX FACT
28 STUDENT LOANS
Higher Education Loan Program
TAX FACT
TIP
TAX FACT
PITFALL
FAQ
Student Financial Supplement Scheme
TAX FACT
FAQ
TAX FACT
BONUS RESOURCES
Trade Support Loans
TAX FACT
TIP
TAX FACT
FEE-HELP
TAX FACT
VET Student Loans
TIP
OS-HELP
TIP
PITFALL
29 AUSTUDY AND ABSTUDY. Austudy
Income test
Assets test
TIP
TAX FACT
ABSTUDY
PITFALL
TAX FACT
BONUS RESOURCES
30 SCHOLARSHIPS
TAX FACT
PITFALL
TAX FACT
TAX FACT
PITFALL
31 SCHOOL BUILDING FUNDS
PITFALL
EXAMPLE
EXAMPLE
PITFALL
TAX FACT
BONUS RESOURCES
32 EDUCATION SAVINGS PLANS
TAX FACT
TIP
PITFALL
TIP
PART IV YOUR INVESTMENT PROPERTY
TAX FACT
TIP
TIP
TAX FACT
PITFALL
PITFALL
BONUS RESOURCES
33 NEGATIVE GEARING
TAX FACT
EXAMPLE
TIP
PITFALL
TIP
34 INTEREST
TAX FACT
TIP
EXAMPLE
PITFALL
TIP
TIP
35 DEPRECIATION AND LOW-VALUE POOLING. Depreciation
PITFALL
PITFALL
TIP
FAQ
Low-value pooling
TIP
PITFALL
EXAMPLE
BONUS RESOURCES
36 REPAIRS AND MAINTENANCE
TAX FACT
PITFALL
TIP
TAX FACT
37 BORROWING AND LEGAL EXPENSES. Borrowing expenses
TAX FACT
PITFALL
TIP
EXAMPLE
TIP
Legal expenses
PITFALL
EXAMPLE
38 OTHER RENTAL PROPERTY DEDUCTIONS
PITFALL
TIP
COVID-19 RELIEF
PITFALL
TIP
39 FOREIGN INVESTMENT PROPERTIES
TAX FACT
PITFALL
PITFALL
40 CAPITAL GAINS TAX
TIP
PITFALL
TIP
TIP
TAX FACT
BONUS RESOURCES
TAX FACT
PITFALL
PROPOSED CHANGE
FAQ
TAX FACT
41 PAYG WITHHOLDING VARIATION
EXAMPLE
TIP
TAX FACT
PITFALL
BONUS RESOURCES
42 CO-OWNERSHIP OF YOUR INVESTMENT PROPERTY
TAX FACT
TIP
TIP
PITFALL
TAX FACT
FAQ
PART V YOUR SHARES
TAX FACT
TAX FACT
PITFALL
BONUS RESOURCES
43 DIVIDENDS
PITFALL
TIP
TAX FACT
TIP
EXAMPLE
TIP
TAX FACT
Franking credits
TAX FACT
EXAMPLE
TIP
EXAMPLE
TIP
PITFALL
BONUS RESOURCES
Dividend reinvestment plans
PITFALL
TIP
TAX FACT
44 SHARES OWNED BY LOW INCOME EARNERS
TIP
EXAMPLE
PITFALL
EXAMPLE
TIP
45 BORROWING TO BUY SHARES
PITFALL
TIP
PITFALL
TAX FACT
PITFALL
FAQ
46 OTHER SHARE DEDUCTIONS
Ongoing management fees
PITFALL
Travel expenses
Journals and publications
Internet access
TIP
Other deductions
PITFALL
47 CAPITAL GAINS TAX ON SHARES
TAX FACT
TIP
PITFALL
TAX FACT
TIP
BONUS RESOURCES
48 REALISING CAPITAL LOSSES
EXAMPLE
TIP
TIP
EXAMPLE
49 INHERITING SHARE PORTFOLIOS
PITFALL
TAX FACT
TAX FACT
50 SHARE TRADERS VERSUS SHARE INVESTORS
TAX FACT
TAX FACT
TAX FACT
EXAMPLE
PITFALL
51 RIGHTS AND OPTIONS
TAX FACT
TAX FACT
PITFALL
52 EMPLOYEE SHARE SCHEMES
TAX FACT
TAX FACT
TAX FACT
PROPOSED CHANGE
EXAMPLE
PITFALL
53 SHARE PORTFOLIOS WITHIN SELF MANAGED SUPERANNUATION FUNDS
TIP
PITFALL
TIP
TIP
54 CRYPTOCURRENCY
TIP
TIP
TAX FACT
TAX FACT
TAX FACT
PITFALL
PITFALL
FAQ
TAX FACT
PITFALL
TIP
PART VI YOUR SUPERANNUATION
TAX FACT
TAX FACT
PITFALL
TIP
BONUS RESOURCES
55 CONTRIBUTION LIMITS
TIP
TAX FACT
PITFALL
TIP
TAX FACT
TIP
TAX FACT
PITFALL
56 TRANSFER BALANCE CAP
PITFALL
PITFALL
TAX FACT
TIP
TIP
TAX FACT
57 DOWNSIZER CONTRIBUTION
TAX FACT
TAX FACT
TAX FACT
FAQ
58 COMPULSORY EMPLOYER CONTRIBUTIONS
TAX FACT
TAX FACT
PITFALL
TAX FACT
TIP
TAX FACT
TAX FACT
59 SALARY SACRIFICE
TIP
EXAMPLE
TIP
EXAMPLE
PITFALL
PITFALL
60 DIVISION 293 TAX
PITFALL
TAX FACT
TIP
TIP
61 SUPER CO-CONTRIBUTION
PITFALL
TIP
The income threshold test
EXAMPLE
The 10 per cent eligible income test
PITFALL
TAX FACT
FAQ
62 TRANSFERRING FOREIGN SUPER
PITFALL
TAX FACT
EXAMPLE
TIP
EXAMPLE
63 SELF MANAGED SUPERANNUATION FUNDS
TAX FACT
TAX FACT
TIP
PITFALL
FAQ
64 BUYING PROPERTY WITHIN SMSFS
TIP
TAX FACT
TIP
65 GEARING THROUGH A SUPER FUND
TAX FACT
TIP
EXAMPLE
TIP
PITFALL
PITFALL
TIP
FAQ
66 ACCESSING YOUR SUPER
TAX FACT
TIP
TIP
PITFALL
TIP
PITFALL
67 TRANSITION TO RETIREMENT
TAX FACT
TIP
PITFALL
FAQ
68 ACCOUNT-BASED PENSIONS
COVID-19 RELIEF
TAX FACT
Income test
Assets test
PROPOSED CHANGE
COVID-19 RELIEF
69 DEATH BENEFITS
TIP
TAX FACT
PITFALL
TIP
70 LOST OR UNCLAIMED SUPER
TIP
TAX FACT
TIP
TIP
TAX FACT
TIP
TAX FACT
TAX FACT
TIP
TAX FACT
TAX FACT
PART VII YOUR BUSINESS
TAX FACT
PROPOSED CHANGE
TIP
TAX FACT
TIP
BONUS RESOURCES
71 CHOOSING THE RIGHT BUSINESS STRUCTURE
TIP
TIP
Sole traders
TAX FACT
Partnerships
PITFALL
Companies
TIP
PITFALL
Trusts
TAX FACT
TIP
PITFALL
PROPOSED CHANGE
TAX FACT
PROPOSED CHANGE
72 TAX OBLIGATIONS
GST
TIP
TIP
PITFALL
TAX FACT
Activity statements
TAX FACT
TIP
PITFALL
TAX FACT
FAQ
TIP
TAX FACT
PROPOSED CHANGE
73 RECORD KEEPING
PITFALL
BONUS RESOURCES
TIP
74 DEFERRING TAX
Deferring income
TAX FACT
PITFALL
Maximise deductions
TIP
PITFALL
TIP
75 Trading stock
TAX FACT
PITFALL
TAX FACT
TIP
TIP
76 BAD DEBTS
PITFALL
TIP
TAX FACT
77 HOME-BASED BUSINESSES
PITFALL
TAX FACT
EXAMPLE
PITFALL
TIP
78 SHARING ECONOMY
TAX FACT
TAX FACT
PITFALL
TIP
FAQ
79 EMPLOYING PEOPLE
Wages and conditions
Employment records
Taxation obligations
COVID-19 RELIEF
TIP
PITFALL
TIP
TAX FACT
Superannuation obligations
PITFALL
TAX FACT
Holiday and leave entitlements
TIP
TAX FACT
80 SINGLE TOUCH PAYROLL
TIP
TIP
TAX FACT
PROPOSED CHANGE
TAX FACT
TIP
BONUS RESOURCES
81 TAX CONCESSIONS AND OFFSETS
Simplified depreciation rules
COVID-19 RELIEF. Temporary full expensing
PITFALL
PROPOSED CHANGE
TAX FACT
COVID-19 RELIEF
PITFALL
Restart wage subsidy
Youth bonus wage subsidy
PROPOSED CHANGE
COVID-19 RELIEF
Other wage subsidies
Income averaging
Export Market Development Grant
Fuel tax credits
Australian Apprenticeships Incentives Program
Additional identified skills shortage payment
Australian Apprenticeships Incentive System
COVID-19 RELIEF
PROPOSED CHANGE
Research and development tax incentive
Skills and Training Incentive
PROPOSED CHANGE
PITFALL
PROPOSED CHANGE
82 SELLING OR CLOSING DOWN
PITFALL
BONUS RESOURCES
TAX FACT
83 PERSONAL SERVICES INCOME
PITFALL
84 NON-COMMERCIAL LOSSES
TAX FACT
TAX FACT
PITFALL
85 DIVISION 7A LOANS BY PRIVATE COMPANIES
TAX FACT
TAX FACT
PITFALL
PROPOSED CHANGE
86 FRANCHISING
TIP
PITFALL
87 CROWDFUNDING
TIP
TAX FACT
PITFALL
PITFALL
TAX FACT
88 LOSS CARRY BACK TAX OFFSET
COVID-19 RELIEF
EXAMPLE
PITFALL
TAX FACT
TIP
TIP
PART VIII MISCELLANEOUS
PITFALL
89 OVERSEAS INCOME
TAX FACT
PITFALL
PITFALL
PITFALL
TAX FACT
TIP
TIP
FAQ
90 GETTING A GREAT TAX ACCOUNTANT
TIP
PITFALL
TAX FACT
TIP
TIP
91 LODGING YOUR TAX RETURN
TIP
TIP
TIP
TIP
PITFALL
92 AMENDING RETURNS AND OBJECTING TO ASSESSMENTS. Amendments
BONUS RESOURCES
TIP
PITFALL
Objections
TAX FACT
BONUS RESOURCES
TIP
93 ATO DATA MATCHING
TAX FACT
TIP
TAX FACT
TAX FACT
PITFALL
TAX FACT
TIP
PROPOSED CHANGE
94 PROBLEMS PAYING YOUR TAX
TIP
PITFALL
TIP
TAX FACT
BONUS RESOURCES
95 ESTATE PLANNING
TIP
Valid will
TAX FACT
TIP
Capital gains tax
TIP
Testamentary trusts
PITFALL
Superannuation and binding death nominations
PITFALL
PITFALL
Administering a deceased estate
96 PRIVATE ANCILLARY FUNDS
TAX FACT
TIP
TAX FACT
PITFALL
COVID-19 RELIEF
EXAMPLE
97 LEVIES. Medicare levy surcharge
TAX FACT
PITFALL
TIP
TIP
PITFALL
TIP
98 ZONE AND OVERSEAS FORCES TAX OFFSETS
Zone tax offset
TAX FACT
TAX FACT
PITFALL
Overseas forces tax offset
TIP
99 TAX-EFFECTIVE INVESTMENTS
TIP
TAX FACT
TIP
PITFALL
100 TAX PLANNING AS A 365-DAY PROCESS
TIP
PITFALL
TIP
TIP
101 JUST DO IT!
TIP
TAX FACT
TIP
PITFALL
GLOSSARY
BIBLIOGRAPHY
INDEX
WILEY END USER LICENSE AGREEMENT
