Death, CGT and Your Home

Download PDF      How you hold the title of your home has a major effect on how it is treated when you die.      If it is through a company or trust then your death will not affect the ownership of the property.  Though if the trust is a fixed trust and you hold the …

Renting out a Room in your Home

Download PDF      Reserve Bank Governor Phil Lowe has told struggling homeowners to rent out a room in their home so they can afford the increased interest rates.  Nice to see someone with a take home pay of over $10,000 per week can empathise with the common people, but what about the tax consequences?     …

Tax Deductions and Record Keeping for Truck Drivers

Download PDF      This blog is intended to help truck drivers keep the records they need during the year to maximise their tax refund.      Obviously keeping receipts for everything is the way to go but paper receipts do present problems with fading and storage.  This can be avoided by using the ATO app and …

Property Investing Basics

Download PDF       This article is dedicated to the client who sold his rental property just before he retired rather than just after.  A very frugal man who does not waste money on tax advice.  For the sake of a bit over a year he paid more than $30,000 extra in tax.   At times here …