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You may be considering buying property or have already sealed the deal. You should consider structure before investing as this has important consequences on your final tax position.
 
 
Just like Christmas there are some taxpayers who look forward to the end of the financial year. It is an opportunity to lodge tax returns and get an early Christmas present in the form of a refund cheque. Others may look on this time of the year as just too much like hard work.
 
 
Australia is a popular destination for migrants seeking to take advantage of some of the diverse characteristics this “lucky” country has to offer. Australia has some of the most beautiful beaches in the world, many world heritage listed properties, and a gorgeous landscape filled with flora and fauna that has long had appeal with many visitors to this country.
 
 
One of the principles of a good tax system is that of “neutrality”. Neutrality means that you should never have to consider tax consequences when making any investment decision. Unfortunately, neutrality is not present in our tax system at the moment.
 
 
Self-employment in Australia is on the increase with individuals electing to control their destiny and financial assets by working for themselves. This is especially popular in knowledge-intensive and service industries. Better educated and older workers, in particular, are attracted to the flexibility of self-employment and are better able to assume the responsibility that goes with that choice.
 
 
You may be considering buying property or have already sealed the deal. You should consider structure before investing as this has important consequences on your final tax position. Structures appropriate for property investment can include individual ownership, owned jointly, a family trust or a superannuation fund.
 
 
Now is a great time to make some New Year “financial” resolutions. It is something I try to do each year and these are a sample of my personal resolutions:
 
 

 
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