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This remains the case unless a double tax agreement with another country assigns residency to that country based on a tie-breaker provision. These provisions can be complex and depend on the facts, so advice may be needed.…
Tax effective structures for Australian investments in US-based businesses. Keywords: Next Article. Disclaimer: We believe this information to be correct at the time of publication.…
Tax effective structures for US investments in Australian-based businesses. Keywords: Next Article. Disclaimer: We believe this information to be correct at the time of publication.…
Save tax - pre-payments. For individuals and small businesses, prepayments can be claimed in full provided the period covered by the prepayment does not exceed 12 months and concludes before the end of the financial year.…
Save Tax - personal use assets. These are assets (other than collectables) kept primarily for your personal use and enjoyment. If acquired for $10,000 (excluding GST) or less, any capital gain is exempt.…
Save Tax - wash sales. If you have listed company shares showing a book loss you can generate a capital loss by selling those shares. Take care if you intend re-purchasing. You need a good commercial reason for this to avoid application of Part IV A.…
At the very least it will keep your supplier on their toes and will provide further information to make better purchasing decisions reducing total costs. Keywords: Next Article.…
It is general in nature, for guidance only and is not intended to be personal advice. It should not be relied upon without obtaining professional advice regarding your direct circumstances.…
Save Tax: Plant and equipment cost. The cost of items of plant and equipment used in calculating depreciation is the full purchase price plus any costs of transporting, installing, relocating or re-erecting the item.…
Get this done before the end of June and you can claim a deduction this year rather than next. Keywords: Next Article. Disclaimer: We believe this information to be correct at the time of publication.…