Mr Taxman
Change the way you feel about taxes.
Get informed and discover what the taxman doesn't want you to know.
Sharing it with Australia, Mr Taxman is a regular Woman’s Day columist and TV finance commentator
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The bottom line with negative gearing is that your investment is making a loss, and those banking on windfalls down the track are playing a risky game, writes Andrew Robertson.
FAILING to lodge a tax return is costing Australians more than just a slap on the wrist. Technology advances are giving the Australian Taxation Office unprecedented power to track transactions and catch people who don’t do their tax.
There are plenty of reasons why Australians love to borrow money to invest in bricks and mortar. Some people think the value of property never goes down; others like the fact you can see and touch it. But, mostly, it is the ability to offset the cost of owning the property – including the interest paid on a loan – against assessable income that makes it particularly attractive.
YOU work. You pay tax. For most Australians, that’s the simple equation they face. But rather than baulk at this annual task, treat tax time as a positive experience that will help you share in the $27 billion of annual refunds handed back to individuals.
SAVVY Australians looking to maximum their tax breaks this financial year have only today left to do so.
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  • "I finish full time job in April and started to learn foreign currency trading. Attended a $5000 course and practiced in a $1000 account. Learned $200 by end of Month. Can I deduct the $5000..."

    By: jasmin at Oct 23, 2017 6:13AM

    Post: Marriage

  • "My names is Cathy i want to testify about the great spell caster called Priest Ade my husband and i have been married for 5 years now we don't have a child and the doctor told us i can't give birth..."

    By: Cathy at Oct 22, 2017 7:38PM

    Post: Marriage

  • "my husband of 6years left me just because i could not give him A child, i did all i could to make sure i give him a child, i even went to an extent of forcing him to have sex with me every night but..."

    By: carol at Oct 22, 2017 6:07AM

    Post: Marriage

  • "If i used a line of credit to purchase the shares, what documentation do I need to prove the loan was used for investments? Does it matter that I also have a home loan for a owner-occupied home? "

    By: Brad at Oct 18, 2017 9:02AM

    Post: Borrowing to buy shares

  • "HI Mr Taxman, I am part time UBER driver. Since my full time job salary is high and my wife is unemployed, can I get my wife buy a car and rent to me? Each week I pay part of my UBER income as car..."

    By: Peter at Oct 17, 2017 3:42AM

    Post: Marriage