101 Ways To Save Money On Your Tax - Legally 2016-2017

About the author xi
How to use this book xiii
Introduction xvii
Part I You and your family 1
1 Marriage 2
2 Income splitting 5
3 Dependant (invalid and carer) tax offset 7
4 Children 9
5 Paid parental leave 12
6 Dad and partner pay 14
7 Child care 15
8 Low-income earners 17
9 Senior and pensioner tax offset 19
10 Other government benef its 21
11 Family breakdown 25
12 Death 27
13 Trusts 30
Part II Your employment 33
14 Car usage 35
15 Methods to claim car travel 38
16 Travel 40
17 Uniform 42
18 Home off ice 44
19 Other work-related deductions 47
20 Keeping those receipts 50
21 ATO hit lists 52
22 Redundancy 55
23 Working a second job 57
24 Salary sacrif ice 60
25 Fringe benef its 62
26 Living-away-from-home allowance 66
Part III Your education 71
27 Claiming self-education expenses 72
28 The $250 threshold 75
29 Self-development courses 77
30 Higher Education Loan Program 80
31 Student Financial Supplement Scheme 84
32 Austudy and ABSTUDY 86
33 Trade Support Loans 89
34 Scholarships 91
35 School building funds 93
36 Education savings plans 96
37 Other government assistance 98
Part IV Your investment property 103
38 Negative gearing 105
39 Interest 108
40 Depreciation 112
41 Low-value pooling 115
42 Repairs and maintenance 117
43 Travel to see your investment property 120
44 Borrowing expenses 122
45 Legal expenses 125
46 Other rental property deductions 126
47 Foreign investment properties 130
48 Capital gains tax 132
49 PAYG withholding variation 135
50 Property genuinely available for rent 138
Part V Your shares 141
51 Dividends 143
52 Franking credits 146
53 Dividend reinvestment plans 149
54 Lower income earners 150
55 Borrowing to buy shares 153
56 Other allowable deductions 156
57 Shares and capital gains tax 158
58 Realising capital losses 160
59 Inheriting share portfolios 162
60 Share traders versus share investors 164
61 Rights and options 167
62 Employee share schemes 169
63 Share portfolios within self managed superannuation funds 172
Part VI Your superannuation 175
64 Contribution limits 178
65 Compulsory employer contributions 181
66 Salary sacrifice 184
67 Super co-contribution 187
68 Transferring foreign super 189
69 Self managed superannuation funds 192
70 Buying property within SMSFs 195
71 Gearing through a super fund 198
72 Accessing your super 201
73 Transition to retirement 203
74 Account-based pensions 205
75 Death benefits 207
76 Lost or unclaimed super 209
Part VII Your business 213
77 Choosing the right business structure 215
78 Tax obligations 219
79 Record keeping 223
80 Deferring tax 226
81 Trading stock 228
82 Bad debts 230
83 Home-based businesses 232
84 Employing people 235
85 Tax concessions and offsets 238
86 Selling or closing down 241
87 Personal services income 243
88 Non-commercial losses 245
89 Franchising 246
Part VIII Miscellaneous 249
90 Overseas income 250
91 Getting a great accountant 253
92 Lodging your tax return 256
93 Amending returns and objecting to assessments 259
94 ATO data matching 262
95 Problems paying your tax 265
96 Medical expenses tax offset 267
97 Levies 270
98 Zone and overseas forces tax offsets 275
99 Tax-effective investments 277
100 Tax planning as a 365-day process 279
101 Just do it! 281
Glossary 283
Bibliography 301
Index 303