Business Accounting

TAX PLANS

Death of the tax return?

David Wilson Sick of shoe-boxes of receipts? Hi-tech solutions could spell the end of the tax-time grind.

ASK NOEL

What can I do to cut my tax bill on sister's rent-free home?

Noel Whittaker.

Noel Whittaker What's the tax position on property we bought jointly 15 years ago?

GETTING STARTED

Treasury getting its tax ducks all in a row

In its sights: But the gaps in the Treasury list also show a pattern.

David Potts Negative gearing isn't a problem but the discount on capital gains tax is.

GETTING STARTED

Tax nightmare as bracket creep becomes bogeyman

Federal treasurer Joe Hockey during a meeting with treasury secretary Martin Parkinson (right) in Canberra Thursday, May 8, 2014. Mr Hockey will hand down his first budget next Tuesday. (AAP Image/Alan Porritt) NO ARCHIVING

David Potts The less the government does the more it'll rake in from personal income tax.

ASK NOEL

Can we pull off our granny flat plans?

Serious note: The granny flat will start out life as a separate dwelling from your home.

Noel Whittaker We want to take out a loan to build a granny flat in our backyard - what tax deductions are available?

YOUR QUESTIONS

Let off on property's capital gains tax

Home owner: Not every home owner will get hit for capital gains tax when they sell.

George Cochrane When it comes to capital gains tax on property, a house bought before September 20, 1985, is exempt.

ASK NOEL

Be older and wiser with your super

Mucci illo for Money


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Noel Whittaker When a member of a superannuation fund dies, the trustee of the super fund has the responsibility of deciding who the money will be paid to, so it's best to get it right.

ASK NOEL

Is our borrowing to invest plan a wise one?

 

Noel Whittaker Should a couple put money into managed funds and use the income to pay down their mortgage?

YOUR QUESTIONS

What's the best investment strategy for mother's inheritance?

Do your research: Some ethical investment funds have done very well, but your elderly mother may not likely the volatility, so you might look around for ethical balanced funds, preferably with a large, safe institution.

George Cochrane She wants a safe investment that can be liquidated quickly should she need money to go into a nursing home.

Government should encourage savings and productive investment

Nothing in it: Reserve Bank governor Glenn Stevens recently spoke at the Melbourne Economic forum.

Daryl Dixon Our senior bureaucrats should develop policy options that encourage savings and productive investment.

ASK NOEL

How can I get my home dream to fly?

Dreams of a home

Noel Whittaker I'm 23 and want to own my own home. What's my best long-term strategy?

ASK NOEL

What can I claim when I rent out old home?

Illustration: Michael Mucci

Noel Whittaker I plan to rent my home out, how can I keep my tax liabilities low?

GETTING STARTED

Don't fall foul of taxing questions

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Penny Pryor Don't think you'd never get caught out by the Tax Office: you could, and the buck would stop with you, too.

Election

Top executives wary of tax cut costs

Opposition Leader Tony Abbott.

Gareth Hutchens, Clancy Yeates Executives have questioned whether Australia can afford to lower the company tax rate.

GETTING ELECTED

Rectify GST to ease tax burden

David Potts Not to put too fine a point on it, but the rate is too low and too much is exempted. It could be an election issue - next time.

TAX

Make your fiscal views add up

Mark Bouris

Mark Bouris The election is finally out of the way and the government has a big agenda ahead of it.

ASK NOEL

The super cap is hard to shift

Michael Mucci illo

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Noel Whittaker I would like to contribute more than the $25,000 limit into my super account. Is there a way to do it?

POTTS SPOT

How to beat 'bracket creep'

Tax.

Potts Spot Many will pay $1000 more a year in tax within two years. But there are ways to avoid a higher tax slug.

TAX

Strategies to blunt the pain

MONEY

John Collett Higher-income earners are bracing themselves for a 'deficit tax' on their earnings in the May 13 budget.

TAX TIME

Ways to claw back your tax

melissa browne dinkus

Melissa Browne Have a budget whinge, dust yourself off and maximise deductions to the limit.