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.

ASK NOEL

I helped my daughter buy her home. Must I pay tax if she returns it?

Break out the champagne: Wedding bells can mean a big day for the parents of the bride too.

Noel Whittaker We're planning to transfer the property back into my name. Will I be hit with a big bill?

We're close to retirement. Should we sell investment properties?

Your Questions dinkus

George Cochrane Is the best strategy to offload our units oir keep them for the income?

REFUND RUSH

Make sure you've got your tax ducks in a row

The Tax Office flies in: The race is on for taxpayers to complete tax returns after receiving  their Payment Summary.

Melissa Browne What are the recent rule changes to be wary of when filling in your tax return this year.

YOUR QUESTIONS

How can my parents prepare for care?

George Cochrane They are in good health, but obviously at their age, anything can happen.

ASK NOEL

Tax return doesn't cut the mustard

Michael Mucci

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Noel Whittaker My SMSF isn't complex - can I do my own tax return?

TAX TIME

Bringing it all back home

A pedestrian carries a Zara shopping bag in Madrid, Spain, on Tuesday, March 24, 2009. Inditex SA, Europe's largest clothing retailer, reported the steepest quarterly profit decline in five years as consumer spending slumped, leading the owner of Zara and Bershka stores to cut prices. Photographer: Denis Doyle/Bloomberg News puff size cover image for Money

Christine Long What will you do with your tax refund? Spend it on something fun? Or use it like a financial firestarter to build something bigger for the future?

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?

PROPERTY DEDUCTIONS

Landlords keep tax-time wheels in motion

John Collett dinkus

John Collett The Tax Office releases a list of targets for tax time at this time each year, but a perennial target is property investors.

GETTING STARTED

Don't fall foul of taxing questions

Reciepts, abn numbers, dockets, invoices, bill spike, tax office, tax time ,  smhcreative money.  Pix by Quentin Jones. qcj080613.001.SMH First Use. SPECIALX 86256

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.