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
  • click to visit Mr Taxman on Twitter
  • click to visit Mr Taxman on FaceBook
  • rss

Renovating structure

Dec 16, 2012

Reader question: I’m planning to move into the renovate to sell strategy, and was wondering what structure I should use to make the purchases (company, family, individual, etc.). Are there CGT savings that I can make by using a company structure, for example, as opposed to doing the reno and sell as an individual? I’m also aware that reno to sell is higher risk than buy and hold, so is there a structure I can use that provides me with more protection than buying as an individual?
Reader question: We purchased a house with our son 8 years ago. We rented it out for 4 years and then my son moved in but we (my husband and I) continued to receive rent from some of the bedrooms my son rented out to cover our mortgage. We have now sold our 50% share to our daughter-in-law so now my son and his wife own the house and are living in it. They plan to live there for quite a few years and renovate it. How does Capital Gains affect him once he sells it (maybe in 10 years)?
Reader question: I am considering purchasing an investment property (residential unit) through my self-managed super fund. I have heard about the tax concessions available through the SMSF, but with superannuation of just over $100K, I’d like to know if the costs involved in setting-up the SMSF (and running it) will be worth going ahead with.

Book launch - 101 ways to save money on your tax

Do you detest paying tax, but like receiving a tax refund cheque in the mail? Are you getting all you're entitled to? You could be letting the government keep hundreds, even thousands, of your hard-earned dollars each year - and you wouldn't even know about it!

Don't Trust Everything

Jul 18, 2011

My wife and I purchased our former PPOR (in VIC) three years ago for $326,000 plus stamp duty and fees. We borrowed $250,000 to do this and used savings for the balance. On the loan we now owe $204,000. We have paid $27,700 in extra repayments (not in offset). After renos and market growth the house is now worth ...
Previous 1 2 3 4 5 6 7 8 9 Next 

Media Availability

Are you interested in booking Mr Taxman for a speaking engagement or requesting his viewpoints for an article?

comments-rhsLatest Comments

  • "I have been searching the websites, YouTube, books, and everything for a good sincere solution to get back with my ex.while looking for tactics to use to help get over my ex. While I found some very..."

    By: Rose hodges at Oct 17, 2017 9:02AM

    Post: Marriage

  • "My name is Rose hodges, and I base in USA...My life is back!!! After 1 years of Broken marriage, my husband left me with three kids . I felt like my life was about to end i almost committed suicide..."

    By: Rose hodges at Oct 17, 2017 9:00AM

    Post: Marriage

  • " My name is Rose hodges, and I base in USA...My life is back!!! After 1 years of Broken marriage, my husband left me with three kids . I felt like my life was about to end i almost committed..."

    By: Rose hodges at Oct 17, 2017 8:58AM

    Post: Marriage

  • "Do you need 100% Finance? I can service your financial need with less pay back problem that is why we fund you for just 2%. Whatever your circumstances, self employed, retired, have a poor credit..."

    By: Mrs. Monica Fred. at Oct 17, 2017 8:53AM

    Post: New superannuation rules continue to confuse in rollout phase: Are business owners seeking the advice they need in time?

  • "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