Ways to reduce your tax before 30 June 2015! – Strategy 8: Defer Investment Income & Capital Gains

The end of the 2014/15 financial year is fast approaching, so now’s the time to review what strategies you can use to minimise your tax.

  • Defer Investment Income & Capital Gains

If practical, arrange for the receipt of Investment Income (e.g. interest on term deposits) and the Contract Date for the sale of Capital Gains assets, to occur AFTER 30 June 2015. The Contract Date is generally the key date for working out when a sale occurred, not the Settlement Date!

Contact us before the 30 June 2015 deadline for assistance to reduce your tax!

Email: [email protected] or call  Julian on 0408033696

 

This information is general nature and does not take into account your individual needs and objectives.

Please do not act on any information before seeking advice from a qualified Accountant and a licensed Financial Planner.

Ways to reduce your tax before 30 June 2015! – Strategy 7: Realise Capital Losses

The end of the 2014/15 financial year is fast approaching, so now’s the time to review what strategies you can use to minimise your tax.

  • Realise Capital Losses

Tax is normally payable on any capital gains. You should consider selling any non-performing investments you hold before 30 June to crystallise a capital loss and reduce or even eliminate any potential capital gains tax liability. Unused capital losses can be carried forward to offset future capital gains.

Contact us before the 30 June 2015 deadline for assistance to reduce your tax!

Email: [email protected] or call  Julian on 0408033696

 

This information is general nature and does not take into account your individual needs and objectives.

Please do not act on any information before seeking advice from a qualified Accountant and a licensed Financial Planner.

Ways to reduce your tax before 30 June 2015! – Strategy 6: Defer Investment Income & Capital Gains

The end of the 2014/15 financial year is fast approaching, so now’s the time to review what strategies you can use to minimise your tax.

  • Defer Investment Income & Capital Gains

If practical, arrange for the receipt of Investment Income (e.g. interest on term deposits) and the Contract Date for the sale of Capital Gains assets, to occur AFTER 30 June 2015. The Contract Date is generally the key date for working out when a sale occurred, not the Settlement Date!

Contact us before the 30 June 2015 deadline for assistance to reduce your tax!

Email: [email protected] or call  Julian on 0408033696

 

This information is general nature and does not take into account your individual needs and objectives.

Please do not act on any information before seeking advice from a qualified Accountant and a licensed Financial Planner.

Ways to reduce your tax before 30 June 2015! – Strategy 5: Prepay Expenses

The end of the 2014/15 financial year is fast approaching, so now’s the time to review what strategies you can use to minimise your tax.

  • Prepay Expenses and Interest

Expenses relating to investment activities can be prepaid before 30 June 2015. You can prepay up to 12 months of interest before 30 June on a loan for a property or share investment and claim a tax deduction this financial year. Also, other expenses in relation to your investments can be prepaid before 30 June, including rental property repairs, memberships, subscriptions, and journals.

Contact us before the 30 June 2015 deadline for assistance to reduce your tax!

Email: [email protected] or call  Julian on 0408033696

 

This information is general nature and does not take into account your individual needs and objectives.

Please do not act on any information before seeking advice from a qualified Accountant and a licensed Financial Planner.