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 AHEAD

End the financial year on an upswing

If the end of the financial year isn't going to be party for you,  there are steps you can take now to add some fizz to your financial affairs.

David Potts A financial nip-and-tuck is just the thing to think about before June 30.

WELL-HEELED

It’s our civic duty – but paying too much tax is crazy

Melissa Browne .

Melissa Browne If you're looking at ways to cut your taxable income, here are a few things you need to know.

ASSET CHECK

Get that home loan paid off

Daryl Dixon Whether interest rates rise or fall, the most rewarding and tax-effective strategy is to pay off debt on the family home as soon as possible.

Treasury overlooks chief tax shelter

Daryl Dixon

Daryl Dixon The Treasury tax discussion paper fails to address the gross inequities in both the tax and social security systems.

ON THE CREDIT SIDE

Dividend franking gains a reprieve

Money, franking

David Potts Relax. The fact Treasury thought better of mentioning one of the major arguments against franking suggests it's not fussed either way.

BOURIS ON MONEY

Tax tactics can make your money grow

Mark Bouris

Mark Bouris If you're trying to create financial security, always remember that the tax system can be on your side.

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?

TAX TRAPS

Ways to ensure a great divide

Max Newnham author pic

Max Newnham Replacing one old home with two new ones is tempting. But what are the tax pitfalls?

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.

YOUR QUESTIONS

What's my super plan now retirement looms?

Thinking of retiring? 
It pays to do your homework first.

George Cochrane I intend to retire this year and have to decide what to do with my superannuation that will complement my part aged pension.

ASK NOEL

What's a girl to do with low super resources?

Noel Whittaker.

Noel Whittaker Many older women with low super balances would be better off putting their money elsewhere. What are the options?

YOUR QUESTIONS

What's the tax position on my property?

What is the tax position on my property?

George Cochrane My SMSF owns a commercial property. Can I transition to retirement and pay zero tax on the rent from the property while the property has a mortgage/loan on it?

ASK NOEL

How can I help pay for grandson's school?

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Noel Whittaker I want to help my son out while minimising any costs or tax implications for all parties.

ASK NOEL

Can I use my super savings to help my mother retire?

Mucci illo for Noel

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Noel Whittaker I want my mum to be able to stop having to work, but do not have the resources to buy a house with her.

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?

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

We're separated, should investment property go?

Noel Whittaker Sometimes with more than one property it's hard to see which is best to rent out and which is best to live in.

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.