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Tax planning is essential to minimise your tax bill

May 31, 2011 By

It is no use getting to the accountant in September and asking them to save you tax. While they can claim all you’re entitled to, they can’t take advantage of things you could have done to reduce your tax.

There are a number of aspects to tax planning, including:

• Deferral of income
• Splitting of income to take advantage of lower tax rates and tax offsets
• Bringing forward expenses to the current tax year

We have broken tax planning down into 3 categories. [Read more...]

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Filed Under: Investment, Property, Tax Tips

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