Don't be mired by fear

Jun 27, 2008

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IF that tax-saving strategy you've been offered doesn't quite sound right, it probably isn't

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Soaring petrol prices have failed to persuade the Australian Taxation Office to offer bigger tax deductions for car running costs this financial year.

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Most investors don't know exactly why they love property but you can bet the fact that you can actually touch and feel it has a lot to do with it. This tangible nature of property is just one reason why bricks and mortar will always remain a popular choice for investors, particularly in times of economic uncertainty.

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The first whiff of winter in the air generally marks the start of the financial silly season, when rational investors seek irrational answers to the challenge of cutting this year's tax bill.

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If you are a travel consultant who is thinking of putting that family trip overseas down as a work-related expense on your tax return, it might serve you well to think again.

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