Which expenses are tax deductible in Australia?
In Australia, amongst other things, one rule is that the tax expense that you have already paid must be directly related to earning income. You also need to keep a record of the expense to prove you have paid for it!
Why do Australians Contribute to Super?
Superannuation is the Australian Government’s answer to creating a sustainable retirement strategy for our growing population. To encourage us to grow our retirement nest egg, the Government has made Super a very attractive place to invest our money.
What is negative gearing?
Negative gearing is a strategy used by people to grow the value of their investment while keeping their tax as low as possible. Investors use negative gearing because the interest repayments on loans are typically tax deductible against their personal income.