Property Investment: How a Quantity Surveyor Could Help to Reduce Your Tax Bill

If you have purchased a property in Australia for the purposes of investment, you may be able to use this investment as a way to reduce your annual tax bill. Read on to find out more about how this process works and how it could save you money. Property Investment and Tax If the property has lost value, the Australian tax code allows property investors to offset a certain amount of tax. Read More 

Claiming a Tax Deduction for Charitable Donations: 3 Top Tips

Donating items as a gift to charity can have two significant benefits. Firstly, it will tend to make you feel pretty good about yourself. Secondly, it could also help to cut your tax bill as, under Australian law, donations to charity are tax-deductible. However, it is important that the amount of tax you claim back for the item is an accurate reflection of the value of the item. If your tax returns are audited, and it is discovered that you have overestimated the value of your charitable gifts, you could face a hefty tax bill and possible fines from the authorities. Read More