From 1st July 2017, managed investment trusts (MITs) are able to invest in affordable housing, allowing investors to receive a 60% CGT discount on any capital gains made. MIT’s will be able to acquire, construct or redevelop property subject to satisfying the following conditions: Qualifying housing must be provided to low to moderate income tenants.…
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If you have unused space, subleasing part of your business premises to a third party is a great short-term strategy to reduce some of your fixed costs. This will reduce your rent expense and provide extra cash flow. Subleasing typically makes sense when: Business conditions are tough – this reduces your overheads and…
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Average weekly pay Employment size Future Growth Skill level $957 22,200 Strong Certificate II or III *Swipe across to view all table data Animal attendants and trainers train, feed, groom and care for animals. Typical tax deductions: Motor vehicle travel to and from work if having either shifting workplaces (working at more than one site…
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Bitcoins most important characteristic is that it is decentralised so no single institution controls the Bitcoin network. Bitcoin is pseudonymous, meaning that funds are not tied to real-world entities but rather bitcoin addresses. Owners of bitcoin addresses are not explicitly identified, but all transactions on the blockchain are public. Bitcoin has been called a tax…
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This strategy is all about changing bad debt into good debt. Bad debt is defined as debts which don't help you build wealth and where the interest expense is non-deductible. This includes personal credit card debts, personal loans, HECS debts, primary residence home loans, etc. In contrast, good debt is debt which works to help…
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A person aged 65 or over can make a non-concessional contribution into superannuation of up to $300,000 from the proceeds of selling their principal residence (if they have owned it for at least 10 years). This is available to both members of a couple for the same home. This strategy is available from 1st July…
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A partnership involves two or more partners (people or entities) carrying on a business together with a view to profit. Partnerships are governed by the Partnership Act of the state or territory in which the partnership was formed, and are limited to a maximum of 20 partners. Partnerships have the following advantages: It's…
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This strategy involves asking the landlord for a rent reduction. Landlords will be more open to reducing the rent where: You are a good tenant that pays their rent on time and doesn't cause any trouble. Falling rents and increased vacancy rates means you are paying above-market rental rates. Implementation process: Use property websites…
Read More »The People’s Republic of China is the world’s largest producer and consumer of tobacco. China produces 42% of the world’s cigarettes, has 350 million Chinese smokers, and smokes 33% of the world’s cigarettes. The annual taxes on Chinese cigarette sales amount to hundreds of billions of yuan, and account for 10% of government revenue. In…
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Average weekly pay: $1,000 Employment size: 13,700 Future growth: Very strong Skill level Associate degree or diploma Amusement,…
Read More »"You’d be stupid not to try to cut your tax bill and those that don’t are stupid in business"
- Bono: U2