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Perfect response Terry, thank you. Does this situation occur often? I'd imagine the ATO would look out for things like this? I have depreciation reports supporting my case, surely this presents a strong argument? If i can do it, would it be the most tax effective way to go?

Thank you for your opinion Ace. Let me clarify my position further ; I have $48,200 of deductions under my own name ($18,200 TFT + 30K of deductions). I can earn/pay myself this much without paying any tax. I could put $10K back into the business and therefore pay myself say, $50K from...

My apologies, I have currently been paying myself the profit (approx 40K) and keeping the business neutral (no profit).

Through a company. My plan is to also sell properties in the coming years under my own name (each have approx 150K CG). By choosing option 1, i could accumulate my personal loan to the business. If i decide to sell a property, i wouldn't pay myself anything from the business that year, i would...

Hi all, i'm hoping you can help me with my situation. I own my own business (currently paying myself approx. $40K) but also have multiple neutrally geared properties under my own name with depreciation (giving me approx $30K of tax deductions). How is it best to manage my tax? Option 1. Pay...