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Tax Strategies

Tax Strategy Disclaimer

The content of these Tax Strategies is general information only. It is not and is not intended to be taxation, accounting, business, financial, legal or other professional advice and should not be acted or relied upon as such. Specific professional advice should be sought in respect of particular circumstances and requirements, as the information in these Tax Strategies may not be suitable or applicable to particular circumstances and should not be acted or relied upon. The authors have used reasonable endeavours to ensure that the content is correct and current but do not guarantee that it is correct or current and will not be liable or responsible if it is not. In no event will the authors or any related entity of those persons, or any of their directors, principals, agents, employees or representatives, be liable for any loss, damage, costs or expense (whether direct or consequential) incurred as a result of or arising out of or in connection with this content included in it in whole or in part including but not limited to any error, omission or misrepresentation. The authors also disclaim all representations and warranties, including but not limited to, warranties as to the quality, accuracy or completeness of the information of whatsoever nature and warranties of fitness for a particular purpose.

Tax Savings Strategy 191 | Pets in the Workplace

This strategy makes private pet ownership costs tax deductible. The workplace pet's food, vet, insurance, grooming and other costs will be tax deductible.

Tax Savings Strategy 157 | Pooled Development Funds

Pooled development funds (PDFs) are eligible investment companies that are registered under the Pooled Development Funds Act 1992 (PDF Act).

Tax Planning Strategy 156 | Using a SMSF to Undertake Property Development

Undertaking a property development in a SMSF can result in zero tax payable if the fund is in the pension phase (or 15% if the fund is in the accumulation phase).

Tax Planning Strategy 153 | Junior Mineral Exploration Tax Credit

The Junior Mineral Exploration Tax Credit (JMETC) encourages non-mining investors to invest in exploration companies and help fund their exploration activity.

Tax Planning Strategy 155 | Salary Packaging Associated Leases

An associate lease is an agreement where an associate of the employee (typically spouse or partner), leases an existing or replacement car to the employee’s employer.
An associate lease is an agreement where an associate of the employee (typically spouse or partner), leases an existing or replacement car to the employee’s employer. 

Tax Planning Strategy 154 | Eligible Start-Up Costs

Eligible start-up costs can be fully deducted in the year they were incurred if they relate to setting up a proposed small business.

Tax Planning Strategy 152 | Early Stage Venture Capital Limited Partnership

The tax incentives for Early Stage Venture Capital Limited Partnerships (ESVCLP) apply with a 10% non-refundable tax offset on capital invested during the year.

Tax Planning Strategy 158 | Low Income Superannuation Tax Offset

Individuals with an adjusted taxable income of $37,000 or less can receive an effective refund of the tax paid on their concessional contributions.

Tax Planning Strategy 189 | Increase Giving via Discretionary Trusts

 If the beneficiary is tax exempt (a not-for-profit organization or church) then there will be no income tax paid on that income by the beneficiary.

Tax Planning Strategy 102 | Delay Sales & Realisation of Assets

Delaying the realisation of assets (and any assessable capital gains) until after the year end results in the income being taxed in the following financial year.