Personal Accounting

ASSET CHECK

Time to reduce your tax bill

Daryl Dixon With the end of the tax year looming, now's the time to implement strategies to reduce this year's taxation bills.

BUDGET 2016

Budget 2016: how to maximise your tax deductions

It's time to start thinking about tax deductions.

Melissa Browne An accountant shares tax strategies arising from the 2016 federal budget for individuals, businesses, and employees.

NEGATIVE GEARING

How investors outgun first home buyers

The auction trail can be dispiriting for first home buyers.

Caitlin Fitzsimmons It's not just that one in three buyers are investors, it's also that they're disproportionately competing with first-home buyers.

TAX

Top tax deductions you've probably forgotten about

Have you kept a checklist?

Kate Cowling Beyond the handbag or man bag, there are easy deductions taxpayers miss every year.

WELL HEELED

How to claim a handbag as a tax deduction

Like many women, insurance broker Carolyn Roche carries a handbag to work rather than briefcase.

Melissa Browne Handbags can be tax deductible if you use them for work, but the Tax Office is fussy about documentation.

ASSET CHECK

Daryl Dixon: Labor's capital gains tax plan encourages higher gearing

Daryl Dixon If the tax-exempt proportion of capital gains is cut to 25 per cent, it will change the original objective of taxing only real capital gains.

NOEL GALLAGHER

Why bracket creep is no big deal

Noel Whittaker Tax reform is in the spotlight.

ASSET CHECK

There are property traps ahead for negative gearing strategies

Daryl Dixon The ongoing tax reform debate has created new difficulties for making medium and long term investment decisions.

CAR FINANCE

Car packaging still worthwhile

Dat Pham has a novated lease on his new Toyota Prado.

John Collett Leasing a car through work is still worthwhile. The tax advantage is not as great as it used to be, but there are still savings for most people.

YOUR QUESTIONS

Capital gains tax rules when separating a double flat conversion

George Cochrane We live in combined flats as our permanent place of residence and neither one has ever been rented. We wondered if upon sale of either flat we will have to pay any capital gains tax? A.D.

ASSET CHECK

How to profit from gearing

Daryl Dixon Given the ongoing uncertainty about the future tax treatment of superannuation, investing in the family home and gearing investments now offer more certain benefits.

ASSET CHECK

Tinkering with super would make tax system less fair

Daryl Dixon If superannuation is made less attractive, it would encourage the well off to over-invest in the family home and do even more negative gearing of investment properties.

ASSET CHECK

Savers under attack

Tax reform could encourage overinvestment in the family home.

Daryl Dixon People relying on their past savings for their retirement income face being big losers in any increase in the GST tax burden.

BOURIS ON MONEY

How to pay for your kids' education

The cost of a child's education includes music and sporting activities, not just school fees.

Mark Bouris Between private or public school fees and extras such as sport, music and camps, the cost of your children's education can be significant.

BOURIS ON MONEY

Structuring your superannuation for success

Mark Bouris When the superannuation annual statements start landing in our mailboxes, inevitably there's discussion about how well super is performing.

ASSET CHECK

Borrowing for self-managed super funds is a non-issue

Daryl Dixon Banning a self-managed super fund from taking a loan to fund investment would be solving a problem that doesn't exist.

BASIC TRAINING

How to make the most of tax deductions

Larissa Ham With the deadline to file your own tax return looming, it's time to get your deductions in order.

ASSET CHECK

The magic of the mortgage offset account

Daryl Dixon It's an excellent development for consumers that mortgage offset accounts are becoming more commonplace.

BASIC TRAINING

Here’s how to hit your first tax return deadline

Lodging a tax return is not too difficult - just follow the instructions.

Larissa Ham Never lodged a tax return? If you're preparing to do it online, you have to get it done by the end of the month.

FACT CHECK

Why and how to invest in a Cayman Islands hedge fund

John Collett

John Collett Money checks the facts behind the attack on Prime Minister Malcolm Turnbull over his family investments in the Cayman Islands.