Salary Sacrificing a bonus

Question BACKGROUND FACTS QUESTIONS Answer BF can only salary sacrifice income that is earned after he notifies his employer that he wants to salary sacrifice.  In the case of a bonus the notice needs to be given before the bonus “accrues”.   Looking at the figures you have provided, if I understand them correctly. 2022-2023 received …

TR 2000/2 explains how to apportion deposits and interest on mixed purpose loans

Question I hope you’re well.I’m seeking your professional advice on a tax matter regarding interest deductibility relating to client’s former principal residence, which became an investment property in 2019. Here is a summary of the situation: I understand that the ATO generally bases interest deductibility on the use of borrowed funds, not the security of …

Borrowing to Buy Half of Spouses home then rent out

Question Hi Julia,Its great listening to your advice on the Property Couch. I e-mailed you through Empower Wealth and I was directed to this site.I was hoping I could get some clarification on a property purchase/transfer to see if we proceed and execute it correctly if it will have the best financial/Tax outcome for us …


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