Details

<p>About the Author xi</p> <p>How to Use This Book xiii</p> <p>Introduction xv</p> <p><b>Part I You and Your Family 1</b></p> <p>1 Marriage 2</p> <p>2 Income splitting 4</p> <p>3 Dependant (invalid and carer) tax offset 6</p> <p>4 Children 8</p> <p>5 Payments for new parents 10</p> <p>6 Child care 12</p> <p>7 Low-income earners 15</p> <p>8 Senior and pensioner tax offset 17</p> <p>9 Other government benefits 19</p> <p>10 Family breakdown 22</p> <p>11 Death 24</p> <p>12 Family trusts 26</p> <p><b>Part II Your Employment 29</b></p> <p>13 Car usage 31</p> <p>14 Methods to claim car travel 33</p> <p>15 Travel 35</p> <p>16 Uniform 37</p> <p>17 Home office 39</p> <p>18 Other work-related deductions 43</p> <p>19 Keeping those receipts 46</p> <p>20 ATO hit lists 49</p> <p>21 Redundancy 51</p> <p>22 Working a second job 53</p> <p>23 Salary sacrifice 55</p> <p>24 Fringe benefits 57</p> <p>25 Living-away-from-home allowance 62</p> <p><b>Part III Your Education 67</b></p> <p>26 Claiming self-education expenses 68</p> <p>27 The $250 threshold 72</p> <p>28 Student loans 74</p> <p>29 Austudy and ABSTUDY 81</p> <p>30 Scholarships 83</p> <p>31 School building funds 85</p> <p>32 Education savings plans 87</p> <p><b>Part IV Your Investment Property 91</b></p> <p>33 Negative gearing 93</p> <p>34 Interest 95</p> <p>35 Depreciation and low-value pooling 98</p> <p>36 Repairs and maintenance 102</p> <p>37 Borrowing and legal expenses 104</p> <p>38 Other rental property deductions 108</p> <p>39 Foreign investment properties 111</p> <p>40 Capital gains tax 112</p> <p>41 PAYG withholding variation 115</p> <p>42 Co-ownership of your investment property 117</p> <p><b>Part V Your Shares 121</b></p> <p>43 Dividends 122</p> <p>44 Shares owned by low income earners 128</p> <p>45 Borrowing to buy shares 131</p> <p>46 Other share deductions 133</p> <p>47 Capital gains tax on shares 134</p> <p>48 Realising capital losses 136</p> <p>49 Inheriting share portfolios 138</p> <p>50 Share traders versus share investors 140</p> <p>51 Rights and options 142</p> <p>52 Employee share schemes 144</p> <p>53 Share portfolios within self managed superannuation funds 146</p> <p>54 Cryptocurrency 148</p> <p><b>Part VI Your Superannuation 153</b></p> <p>55 Contribution limits 156</p> <p>56 Transfer balance cap 159</p> <p>57 Downsizer contribution 162</p> <p>58 Compulsory employer contributions 165</p> <p>59 Salary sacrifice 167</p> <p>60 Division 293 tax 170</p> <p>61 Super co-contribution 172</p> <p>62 Transferring foreign super 175</p> <p>63 Self managed superannuation funds 177</p> <p>64 Buying property within SMSFs 180</p> <p>65 Gearing through a super fund 182</p> <p>66 Accessing your super 184</p> <p>67 Transition to retirement 187</p> <p>68 Account-based pensions 189</p> <p>69 Death benefits 191</p> <p>70 Lost or unclaimed super 193</p> <p><b>Part VII Your Business 197</b></p> <p>71 Choosing the right business structure 199</p> <p>72 Tax obligations 203</p> <p>73 Record keeping 207</p> <p>74 Deferring tax 209</p> <p>75 Trading stock 211</p> <p>76 Bad debts 212</p> <p>77 Home-based businesses 214</p> <p>78 Sharing economy 216</p> <p>79 Employing people 218</p> <p>80 Single touch payroll 222</p> <p>81 Tax concessions and offsets 225</p> <p>82 Selling or closing down 233</p> <p>83 Personal services income 235</p> <p>84 Non-commercial losses 237</p> <p>85 Division 7A loans by private companies 238</p> <p>86 Franchising 241</p> <p>87 Crowdfunding 242</p> <p>88 Loss carry back tax offset 244</p> <p><b>Part VIII Miscellaneous 247 </b></p> <p>89 Overseas income 247</p> <p>90 Getting a great tax accountant 250</p> <p>91 Lodging your tax return 252</p> <p>92 Amending returns and objecting to assessments 255</p> <p>93 ATO data matching 257</p> <p>94 Problems paying your tax 261</p> <p>95 Estate planning 262</p> <p>96 Private ancillary funds 267</p> <p>97 Levies 270</p> <p>98 Zone and overseas forces tax offsets 273</p> <p>99 Tax-effective investments 275</p> <p>100 Tax planning as a 365-day process 277</p> <p>101 Just do it! 278</p> <p>Glossary 281</p> <p>Bibliography 299</p> <p>Index 301</p>

<p><b>DR ADRIAN RAFTERY</b> has over 30 years of experience as an award-winning accountant and tax expert. As one of Australia’s leading tax and finance commentators, Adrian regularly appears on TV and contributes to magazines and newspapers. Find out more at www.mrtaxman.com.au.

<p>THIS BOOK IS YOUR FIRST TAX DEDUCTION! <p>WHY PAY MORE TAX THAN YOU HAVE TO? <p><i>101 Ways to Save Money on Your Tax – Legally! 2022-23</i> is the only tax guide you will need this year. <p>Whether you’re submitting online or through your tax professional, Adrian Raftery, aka Mr Taxman, takes you step-by-step through tips and strategies to save money on your taxes, including recent changes to tax legislation from the March 2022 Budget as well as the latest updates to COVID-19 pandemic government relief. <p>No matter what your age or income, this helpful guide offers tips for all taxpayers including: <ul><li>employees</li> <li>business owners </li> <li>students </li> <li>families</li> <li>superannuation fund members </li> <li>investors with interests in rental properties and share portfolios. </li></ul> <p>With <i>101 Ways to Save Money on Your Tax – Legally! 2022-23, </i>avoid the common mistakes that cost taxpayers every year, get answers to the most frequently asked questions and discover essential money-saving tax tips for the 2022-2023 tax year.

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