Super strategy defeats tax man

Article Abstract:

The court decision against the tax office in Sydney, Australia in 2004 may increase the popularity of a tax-effective strategy for retirement savings. The approach involves taking advantage of the age-based limits on deductible superannuation contributions.

Author: Laurence, Michael
Tax Administration, Taxes, Retirement Benefits, Taxation, Tax administration and procedure

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Watch for CGT traps

Article Abstract:

The Capital Gain Tax (CGT) act is discussed. An individual owning the main residence is exempted from (CGT) and he can claim discount CGT only after owning the asset for at least 12 months from the contract-for-sale date.

Author: Laurence, Michael
Legal issues & crime, Government regulation (cont), Government regulation, Legal/Government Regulation, Capital Gains Taxes, Interpretation and construction, Laws, regulations and rules, Capital gains tax

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Subjects list: Australia, Tax law
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