2020 maximise Individual's tax deduction
Created by: Christopher Le
Modified on: Fri, 12 Jun, 2020 at 6:03 PM
- Pre-pay Interest/Insurance for the investment property.
- Bring forward maintenance expenditures for the investment property.
- Buy work related items < $300 for an immediate deduction.
- Make tax deductible donations before 30 June.
- High income-earners (income > $263,157) who work for multiple employers can nominate that part of their wages not to be subject to SG. This will help to avoid unintentional breach of $25,000 concessional cap due to SG.
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