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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Yesterday the Assistant Treasurer, Kelly O’Dwyer, released a statement on “progressing professional standards reforms”. Well, it’s progress of a sort – if progress can be defined as delaying something by several years.
While other 70-year-olds may be planning exotic cruises or luxurious overseas holidays, state government veterinarian Colin McQueen continues to clock in at the Ararat export abattoir as he works to pay off the last of the three homes he bought in Melbourne's inner northern suburbs for his adult children. But he is far from bitter. Read more: http://www.afr.com/real-estate/residential/how-to-help-your-kids-get-into-the-property-market-20151109-gkudlv#ixzz3wcmiaXDB Follow us: @FinancialReview on Twitter | financialreview on Facebook
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.
The debate over abolishing negative gearing has been reignited by a new report.
Over 1.88 million people claimed more than $41.8 billion in rental deductions in their tax return last year. With June 30 rapidly approaching, it is time to do some urgent tax planning. Here are some excellent tips from Dr Adrian Raftery, a senior lecturer at Deakin University and author of 101 Ways to Save Money on Your Tax - Legally! 2014-2015 edition (Wrightbooks, June 2014, AU$24.95), for you to action and maximise your tax refund from your rental property this year.
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