Tax Strategies

Subscriptions, joining fees, levies and contributions paid to professional associations may be deductible under s 8-1 and/or s 25-55.

A holding company is a parent corporation that owns enough voting shares in another company to control its policies and management.

A Child Maintenance Trust (CMT) is a special type of trust set up and established with income earning assets (typically shares or property) to provide support for a child (or children).

A franking account records the amount of tax paid that a franking entity (company or public trading trust)can pass on to its members as a franking credit.

Becoming a non-resident of Australia for tax purposes has the following advantages.

This strategy involves a SMSF investing in non-controlled unit trusts or companies. 

Starting a pension in a SMSF saves tax as the income from assets held to provide for super income stream benefits is exempt from income tax.

The central feature of a tax haven is that its laws and other measures can be used to evade or avoid the tax laws or regulations of other jurisdictions.