Terryw’s Tax Tips

Tax Tip 1: Parking borrowed money in an offset account
Tax Tip 2: Debt Recycling
Tax Tip 3: Mixing Loans – Don’t do it
Tax Tip 4: Borrowing to Pay investment expenses
Tax Tip 5: Reimbursing yourself – Impossible
Tax Tip 6: Using Redraw to invest
Tax Tip 7: keep All Receipts forever
Tax Tip 8: Forgotten land Tax
Tax Tip 9: Don’t use Cash in Offset account to Invest
Tax Tip 10: Offset in the name of the lower income earner
Tax Tip 11: Further Borrowing against property deductible against the income it generates
Tax Tip 12: Credit Cards and Tax Issues
Tax Tip 13: Simple Loan Structuring Strategy
Tax Tip 14: Never ‘Park’ money in a loan
Tax Tip 15: Transfers for No Consideration and Deductibility of Interest
Tax Tip 16: Capitalising Interest
Tax Tip 17: Divorce and Deductibility of interest
Tax Tip 18: Strategy to Increase deductions on Divorce
Tax Tip 19: Avoid Using Redraw on an Owner Occupied Loan
Tax Tip 20: Never use a LOC as the main loan
Tax Tip 21: Tax Advantages of Buying property in 1 name only
Tax Tip 22: Security for a loan does not determine Deductibility of Interest
Tax Tip 23: The 6 year Absent from Main Residence Rule
Tax Tip 24: Capitalising Interest and Non working spouses
Tax Tip 25: Only Use Interest Only Loans To Acquire Investment Properties
Tax Tip 26: Claim interest on a main residence against CGT on sale
Tax Tip 27: Borrowing to knock down PPOR and build duplex and Rent one
Tax Tip 28: Selling an IP to pay down non deductible debt
Tax Tip 29: Timing the breaking of fixed loans
Tax Tip 30: How to Minimise land tax in NSW
Tax Tip 31: Should I buy in my name because I earn more money and can claim more?
Tax Tip 32: Delay paying CGT and save interest
Tax Tip 33: Deductibility of LMI
Tax Tip 34: Deductibility of LMI on loan increases
Tax Tip 35: Is LMI Deductible in These Situations?
Tax Tip 36: Consolidating Loans for investment properties
Tax Tip 36.5: Using your pet hamster as a custodian trustee
Tax Tip 37: Withhold tax on interest you pay to overseas entities
Tax Tip 38: Interest on Construction of an investment property
Tax Tip 39: Improving the Main Residence – Tax Free Money
Tax Tip 40: Tax Issues with Injecting money into Private Companies
Tax Tip 41: Land Tax and Absences from PPOR in VIC
Tax Tip 43: Demolishing PPOR and Subdividing land and building 2 houses
Tax Tip 44: How to Un-Mix a Mixed Loan
Tax Tip 45: How to work out the Portions of a Mixed Loan
Tax Tip 46: Want to Pay IO on a PI loan?
Tax Tip 47: Spousal Loans as a Tax Strategy
Tax Tip 48: Hybrid or Unit Trust with loan in the wrong names
Tax Tip 49: Transfer of Title from Bare Trustee to Beneficiary and Tax Issues
Tax Tip 50: Minimising duty on Spousal Transfers
Tax Tip 51: Two Spouses: One wants to Invest the other Doesn’t
Tax Tip 52: Trusts and the main residence exemption for CGT
Tax Tip 53: Paid Deposit with cash – how to fix big mistake before settlement
Tax Tip 54: Why Not to Mix Loan Purposes
Tax Tip 55: An Exception to the rule about splitting before Repaying a Mixed Loan
Tax Tip 56: 2 Co-owners and Deductibility of interest where one rents to the other
Tax Tip 57: Gift Tax
Tax Tip 58: Two on title One on loan. Who claims Interest?
Tax Tip 59: Borrowing to Buy shares
Tax Tip 60: Never use cash to invest
Tax Tip 61: How to borrow 105% on your first purchase
Tax Tip 62: Paying Cash for a property and then getting a loan
Tax Tip 63: Don’t cause borrowed funds to take a detour
Tax Tip 64: Tax Consequences of a Beneficiary Living in a Trust property rent free
Tax Tip 65: Deductibility of Interest for paying out a loan of a deceased estate
Tax Tip 66: The Refinancing Principal and Partnerships
Tax Tip 67: Using Redraw Facilities on loans and Tax Issues
Tax Tip 68: Transfers Between Spouses and Stamp Duty in NSW
Tax Tip 69: Land Tax on Trust owned property in VIC and PPOR exemption
Tax Tax 70: NRAS Property and Deductibility of Interest and other expenses
Tax Tip 71: Deduction of interest after assets sold
Tax Tip 72: Borrowing to Pay Income Tax and Deductibility of Interest
Tax Tip 73: Multiple Offset Accounts and some Tax Issues
Tax Tip 74: Selling a property that secures other loans
Tax Tip 75: Refinancing 2 loans for the 1 property and potential tax issues
Tax Tip 76: Calculating the Cost Base for CGT purposes
Tax Tip 77: Redrawing Extra Repayments to Increase Deductions?
Tax Tip 78: Capitalising Interest and Claiming it off CGT?
Tax Tip 79: Interest Deductibility for 1 on title 2 on loans
Tax Tip 80: Deductibility of Interest for 2 Unequal Owners
Tax Tip 81: Deductibility of interest property in name A but B paying loan
Tax Tip 82: Taking money from an offset account on an IP and Claiming Interest
Tax Tip 83: CGT on Death and the Passing of Property
Tax Tip 84: Don’t Pay your Rent into a LOC
Tax Tip 85: Sale of a Rental property to Related Company
Tax Tip 86: Don’t be so fearful of generating income from the main residence
Tax Tip 87: Moving out of the Main Residence and Interest
Tax Tip 88: Use cash in offset to invest or pay down loan and reborrow?
Tax Tip 89: Borrowing and onlending Interest Free to a Discretionary Trust
Tax Tip 90: Consolidating loans – be careful of tax issues
Tax Tip 91: A Non-owner running a business at home
Tax Tip 92: Property as Trading Stock
Tax Tip 93: Subdividing Property and Deductibility of Interest
Tax Tip 94: Inheriting Pre-CGT Property
Tax Tip 96: QLD Land Tax for Non Residents
Tax Tip 97: What is a gift from a taxation point of view?
Tax Tip 98: Depreciation and renting out a former main residence
Tax Tip 99: Vacant Land and the CGT Exemption
Tax Tip 100: Transfers between Spouses and CGT
Tax Tip 101: Transfers Between Spouses and Stamp Duty in QLD
Tax Tip 102: Transfers Between Spouses and Stamp Duty in the ACT
Tax Tip 103: Transfers Between Spouses and Stamp Duty in VICTORIA
Tax Tip 104: Interest in Advance and Tax Issues
Tax Tip 105: Don’t Claim the 6 year rule where there is a capital loss
Legal Tip 121: Living Overseas and Company Directorships
Tax Tip 107: CGT exemption not stay in newly constructed house for 3 months
Tax Tip 108: Using Bucket Companies to Save Tax
Tax Tip 109: CGT and Being absent from the main residence for more than 6 years
Tax Tip 110: Tax Issues with Paying Executors of
Tax Tip 111: Getting money out of a Bucket Company
Tax Tip 112: Segregating Cash in different accounts – No Need
Tax Tip 113: Applying Capital Losses against Capital Gains
Tax Tip 114: Franked Dividends and Tax
Tax Tip 115: Trust Losses and Franking Credits
Tax Tip 116: The cost of owning assets while having non-deductible debt
Tax Tip 117: Deductibility of Interest on Loans to finance Super Contributions
Tax Tip 118: Deductibility of interest where settlement never happens and deposit lost
Tax Tip 119: How to Reduce CGT on Investment Property (Part I)
Tax Tip 120: CGT and moving into an Investment Property
Tax Tip 121: Capital Losses and Income losses
Tax Tip 122: PreTax Equivalent Earnings on the PPOR offset
Tax Tip 123: Building on Pre-CGT Land
Tax Tip 124: NSW Land Tax: Comparison of Joint v Single Ownership
Tax Tip 126: Interest Deductibility when property for sale and untenanted
Tax Tip 125: Working out Break Even Point with Property Investing
Tax Tip 127: Your Average Tax Rate
Tax Tip 128: Capping your Tax Rate at 30%
Tax Tip 129: Deductibility of Loans when later renting out your main residence.
Tax Tip 130: Tax Deductibility of Breaking a Fixed loan on Owner Occupied
Tax Tip 131: Breaking a Fixed Loan – 3 Different Tax Consequences
Tax Tip 133: Choice of Depreciation Method and Debt Recycling
Tax Tip 134: The Gift and Borrow Back Strategy and Tax
Tax Tip 135: The 6 year rule and renting part of your property out
Tax Tip 136: Claiming Stamp Duty on Properties located in the ACT (Part 1)
Tax Tip 137: Claiming Stamp Duty on Properties located in the ACT (Part 2)
Tax Tip 138: GST and Death Tax Tip 138: GST and Death
Tax Tip 139: Abolition of Duty on transfers of Units and Shares in NSW
Tax Tip 140: Strata Titling a property and CGT
Tax Tip 141: Strata Titling a property and CGT (Part II)
Tax Tip 142: Deductibility of Stamp Duty Penalty Interest