COURSE OVERVIEW:
You may be interested in many categories of investment, from wine, stamp collecting and works of art, to interest bearing securities, shares and property. An ideal investment is one that grows in value and pays you regular income. Investing in quality blue chip companies or property in good locations are examples of investments that pay regular income and provide capital growth opportunities. You’re best to also check out the tax benefits you may gain from investing, such as interest that is tax deductible. If you’re considering entering into an investment arrangement that will affect your tax liabilities, there are certain things you need to know.
Many people enter into some type of investment at some stage of their lives. This could involve shares, real estate, financial products or any other arrangement where there is an expectation of receiving a benefit either immediately or in the future. Regardless of the type of investment, often the result is a reduction in taxable income or an increase in the amount of claimable tax deductions. However, as appealing as the underlying investment might be, it’s important to carefully investigate the actual tax consequences before getting involved.
Sometimes, despite ‘expert’ opinions, the promised tax benefits of the investment might not actually be available due to incorrect interpretation of the tax law. Not getting the right advice can lead to negative tax consequences and leave you with unforeseen tax liabilities.
In this course, we investigate traditional investments such as interest bearing securities, shares and property. We also examine the various taxation issues associated with these investments, particularly taxing capital gains, and tax deductions and tax offsets that you can claim.
In the first part of this course, the taxation issues associated with interest bearing securities and your investment options are discussed. Also, first home super saver scheme and tax deductions associated with earning interest are examined. Then the unique taxation issues associated with investing in company shares are explained.
The second part identifies tax benefits and explains what you need to do to qualify for them. Then explains how to calculate a capital gain or capital loss and how capital gains are taxed under the old rules and new rules.
LEARNING OUTCOMES:
By the end of this course, you will be able to understand:
- The meaning of tax effective investments
- How bank interests are taxed?
- The first home super saver scheme
- The interesting claims
- The tax deductions associated with earning interest
- The types of expenditure associated with earning interest
- Investing in company shares
- The sharing of profits: dividends
- The importance of franking
- The types of dividend payment
- Why companies may not pay fully franked dividends?
- How to reduce dividend payments?
- How to check if you’re running a share trading business?
- The interest payments on borrowings
- The non-deductible holding costs — shares
- How to tax your gains and losses?
- The two ways capital gains can be taxed
- Investing in bricks and mortar
- The tax on collecting rent
- The expenditure associated with rental property
- The apportioning expenditure
- How to claim specific deductions?
- The depreciation of your assets
- The two methods to work out how much depreciation you can claim each year?
- How to claim a depreciation deduction?
- What is capital works deductions?
- Capital works deduction and capital gains tax
- The types of repairs that may qualify for a tax deduction
- How to negative gearing a property?
- How to calculate non-deductible expenditure?
- The non-deductible holding costs — real estate
- The goods and services tax
- What are and aren’t liable to GST?
- How to catch up on capital gains tax?
- How capital gains tax began?
- The three categories of CGT assets that are liable to tax
- How your collectables, personal assets and all your other assets are taxed?
- The most notable CGT assets that are exempt from CGT
- How to calculate a net capital gain?
- How to determine the tax implications for a capital gain?
- The five key elements that the cost base of a CGT asset is made up of, under the CGT provisions
- How to use the discount capital gain method?
- How to use the indexed cost base method?
- How capital gains are taxed under the old rules and new rules?
- How to calculate a capital loss?
COURSE DURATION:
The typical duration of this course is approximately 2-3 hours to complete. Your enrolment is Valid for 12 Months. Start anytime and study at your own pace.
COURSE REQUIREMENTS:
You must have access to a computer or any mobile device with Adobe Acrobat Reader (free PDF Viewer) installed, to complete this course.
COURSE DELIVERY:
Purchase and download course content.
ASSESSMENT:
A simple 10-question true or false quiz with Unlimited Submission Attempts.
CERTIFICATION:
Upon course completion, you will receive a customised digital “Certificate of Completion”.