Tax Questions Answered

This advice is general in nature and should not be acted upon without first obtaining professional advice on your particular circumstances.Please note that the answers, to other people’s questions, that you see here, are very specific their question. You cannot rely on them for your particular circumstances. Further, if you do askbantacs, before you act on your answer, you need to run it past your Accountant, who will understand the wider implications to your particular situation.

Monthly archives: November, 2023

CGT Complications of Putting Your Child’s Name on Family Home Title.

Question I purchased a property in December 2018 for $820,000 it is now valued at $1,800.000. This property was bought by me with my finds, however at the time I decided to included my daughters name on the property title. We both own 50% each, as Joint Tenants. I have lived, and I’m still living …

No Discretion if You Miss the 12 months to Notify Your Super Fund You are Claiming a Tax Deduction

Question My question concerns historical post-tax voluntary super contributions that were not previously claimed. I work for the QLD Govt and as such contribute 5% in voluntary super contributions for my employer to increase their contribution to 12.75% (this requirement has changed recently). Until I began salary sacrificing these contributions several years ago they came …

Have a question about tax you need answered?
Ask your own tax question here

➤