Article Abstract:
Australian investors attracted to schemes that promise tax deductions may find there is no promise that the investment will generate a profit. Many times investors can also be hit by a penalty tax. Investors are encourage to apply a set of five criteria designed to reduce risk when contemplating the benefits of a tax break investment scheme.
User Contributions:
Comment about this article or add new information about this topic:
Article Abstract:
This article examines proposals to abolish capital gains tax averaging in Australia. Relevant points include the likelihood that retirees and low- to middle-income earners will be disadvantaged if the proposals are enacted.
User Contributions:
Comment about this article or add new information about this topic:
Article Abstract:
Advice for investors on completing a tax return form is presented. Rules on claiming tax deductions for items such as computers and telephones, and on repairs carried out on investment property, are examined.
User Contributions:
Comment about this article or add new information about this topic: