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Forum: Australia
Jun 26th 2013, 10:04 am
Replies: 26
Views: 2,913
Posted By commonwealth

Re: Any Tax Deduction tips???

For my owner occupied home, I'll go for IO with full offset.
Forum: Australia
Jun 26th 2013, 2:56 am
Replies: 26
Views: 2,913
Posted By commonwealth

Re: Any Tax Deduction tips???

If i pay myself i need to declare that as income. So its a zero sum thing.
Forum: Australia
Jun 25th 2013, 1:11 pm
Replies: 26
Views: 2,913
Posted By commonwealth

Re: Any Tax Deduction tips???

no need to pay an accountant to do to it for me, because i am an accountant lol. deductions if they are unnecessary expenses only reduces your outlay to the extent of the tax portion.

e.g. if i...
Forum: Australia
Jun 25th 2013, 10:33 am
Replies: 26
Views: 2,913
Posted By commonwealth

Re: Any Tax Deduction tips???

Thanks Alan. Also in terms of depreciation it may be good to apply for a PAYG variation so you get more take home salary and not wait for the tax refund.
Forum: Australia
Jun 23rd 2013, 2:36 am
Replies: 26
Views: 2,913
Posted By commonwealth

Re: Any Tax Deduction tips???

Lol yes but i think i might be missing something lol.
Forum: Australia
Jun 22nd 2013, 10:55 am
Replies: 26
Views: 2,913
Posted By commonwealth

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