Structure of Joint Commercial Property Investment Purchase

bo2dev Tax

Two individual persons want to buy the commercial property together for investment. We would like to know the best business structure for this use regarding tax minimisation and asset protection. Answer Here are some variables (not exhaustive) What is the gearing ratio, and will the property be negatively geared?What is the investment horizon and how long do they intend to …

Leighs Corner 46

bo2dev Tax

Article Number 46 The Role of a Support Person in Disciplinary Matters Disciplinary meetings between employers and employees are often difficult and tense processes and many employers are not trained in dealing with difficult situations involving workplace disputes, breaches of policies and procedures and conduct that requires disciplinary action up to and including dismissal. There are some basic steps that …

PAYG Calculation Question

bo2dev Tax

We have questions relating to PAYG and the possible calculation of such for the below situation. We have an employee who has resigned and given no notice. According to their contract, the employee is required to give 3 months’ notice and if they don not, then they are required to compensate the council similar as defined in the below clause …

How to Calculate Loan Interest Portions Based on Use

bo2dev Tax

Q: Mr A has obtained a loan $250k using his residential house as security. For example, he used $100k for personal use and used $150k for investment use. Unfortunately, his loan statement does not distinguish the monthly interest and principal payment for personal use and investment use. What’s the best way to calculate the interest and principal payment of investment …