Capital Gains Tax

YOUR QUESTIONS

Let off on property's capital gains tax

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

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?

ASK NOEL

How can we cut tax bill on our children's shares?

The inheritance: Dividing the pie.

Noel Whittaker We've been slugged pretty hard for investments intended to help with our children's education. What can we do now?

TAX TIME

A mistake by the ATO, or have the goalposts moved?

Rule change: ATO shift could provide a capital gains tax saving for SMSFs.

Max Newnham ATO advice changes a long-held view on how account-based pensions can be paid to members of super funds.

ASK NOEL

Tax return doesn't cut the mustard

Michael Mucci

AccountancyFees.jpg

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

ASK NOEL

What's the best way to treat a rent payment?

Michael Mucci illo for Money

RentOrContribution.jpg

Noel Whittaker Should my artist husband pay rent for his studio to our self-managed fund ?

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?

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.

PLANNING

How is tax on funds calculated?

Your Questions dinkus

George Cochrane From a tax-due perspective, are unit values recalculated at the end of the financial year?

YOUR QUESTIONS

Inheritance best put towards new home

George Cochrane If the economy continues to grow we can only assume that so will property prices.

YOUR QUESTIONS

Path to retirement

George Cochrane Focus on enjoying your money, rather than leaving it to younger relatives.

Taxing 'super' rich a good idea badly handled

mcj050510.001.002  Painting a bathing box at 4.21 pm on Dendy Street Beach Brighton. For 24/7 or Generic pic.  
The Age/24-7. Painter , painting a beach box. 
Picture Michael Clayton-Jones, Brighton. SPECIAL BRIGHTON

Richard Livingston The government has cottoned on to a fair point but they are struggling to articulate it.

WELL HEELED

Maximise the money in your pocket at tax time

Melissa Browne The end of the financial year is only a few weeks away and the key to getting a better return this year is to do something rather than hope that it happens.

CUT YOUR LOSSES

Realising value from shares that are worthless

11 September 2012 Sunday, Journalist, The Canberra Times, Photo Jay Cronan. Generic, Mugga Lane Resource Management Centre. Rubbish, tip, garbage, recycle

Tony McLean If you have shares that are really of little or no value, you may be able to realise a capital loss for tax purposes in 2012-13.

TAX TIME

Dropping the ball now can be costly

Money cover, Tax issue. 12/06/13 illustration: Jamie Smetkowski

Barbara Drury The big challenge facing Australian taxpayers this month is to reduce their tax bill before the end of the financial year without getting the Tax Office umpire offside.

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.

Insight: tax

Clancy Yeates

Clancy Yeates Now is about the time many people begin the yearly chore of digging out all those receipts and other papers needed to complete their tax returns.

Henry warning to lift revenue

Dr Ken Henry.

Clancy Yeates State and federal governments must extract more tax revenue if they are to fund the nation's ballooning infrastructure needs in decades to come, former Treasury secretary Ken Henry says.