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Tax

On this page

Federal Taxes

Australian Taxation Office

The ATO collects taxes for the Federal Government. These are all the taxes that apply in Australia other than a short list of taxes levied by each individual State Government.

The ATO Web site has comprehensive information for the public - both for individuals and also for businesses.

State Taxes

www.sro.vic.gov.au

In Victoria the State Taxes are Duty (Stamp Duty), Land Tax, Payroll Tax and Congestion Tax. These are administered and collected by the State Revenue Office. There is a lot of information for the Public at their general Web site.

The procedure, forms and time limits are here. for disputing the value of real estate.

Victoria 1 tax taxation australian tax office ato state revenue office stamp duty land tax assessment land value

Acts, Regulations, Rules & Forms

Are you looking for detailed information like this, or contact details for any of the bodies mentioned on this page. If so, then start on our Tax Law for Lawyers page.

If it isn't there, then start on our Finding Detailed Legal Information page.

Please read our warning on that page "Be careful using these resources".

The Law is not always as straightforward as it appears. We have not included any information about when and how to use that information or any traps. We assume that the Lawyers will know this.

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Tax Planning and Structures

You should seek professional advice from your accountant, lawyer and financial planner before taking any steps that may alter your tax position. This includes ( but is not limited to) acquiring assets, disposing of assets, improving assets, changing the ownership of them, starting or closing a business, protecting yourself from business risks, estate planning, starting to employ people and business transactions with your family.

The earlier you get that advice, the better. There are many examples where people have unwittingly chosen a course of action that involved a higher level of tax instead of a better option that they had not even considered.

Victoria 2 tax taxation australian tax office ato state revenue office stamp duty land tax assessment land value

Tax planning and structures is not something that you can learn from the internet. There are some web sites that sell documents for structures (companies, trusts or superannuation funds) to the public. If you read the fine print, they usually have strong disclaimers denying all responsibility for the consequences of you using the structure and deny that their web site has given you any legal advice. See your advisor first, then use the online service if that is their advice. See your advisor before you sign anything and not after.

Superannuation

ATO - Superannuation

The Australian Tax Office supervises the payment of employer contributions of superannuation.

There are significant taxation benefits for superannuation funds and their members - provided that they comply with stringent laws. The ATO also overseas this.

Their web site has information for individuals, employers and superannuation funds.


General Information

Taxation is more complicated than many magazines and books make out. What may be good advice for another person and their situation may be bad advice for you and your situation.

Usually an tax decision has both short term and long term consequences. We recommend that you always seek professional advice.

Tools

Rates

Calculators

Victoria 3 tax taxation australian tax office ato state revenue office stamp duty land tax assessment land value
Loan Calculators (12)

How Much Can I Borrow? Calculator How Much Can I Borrow? Calculator
This calculator provides an estimate of the maximum you can borrow, taking into account your monthly income and expenditure and current interest rates. This calculator also builds in a buffer for interest rate rises.

Income and Expenditure Worksheet
Use the income and expenditure worksheet to calculate how much you can afford to borrow.

Basic Repayment Calculator
Enter the interest rate, the term of the loan and the amount you are borrowing to get the minimum monthly repayment and the amount of interest paid.

Fixed vs Variable Interest Rate Calculator
This simulator allows you to analyse the choice of a fixed or variable rate by modeling changes in the variable interest rate and comparing the amount repaid during the period and the outstanding loan balance at the end of the period.

Mortgage Broker Checklist If you're planning to use a mortgage broker to help you find the perfect home loan, there is some information you should find out from your broker before you start.

Loan Repayment Calculator - Work out what your minimum weekly, fortnightly or monthly loan repayments would be for any borrowed amount.

Extra Repayments Calculator - Find out how much you can save in interest and shorten your loan term by making additional repayments over and above your current monthly repayment.

Lump Sum Repayments Calculator - Find out how much you can save in interest and shorten your loan term by making a one-off lump sum repayment on top of your current monthly repayment.

Split Loan Calculator - Splitting your home loan into fixed and variable rate portions can provide insurance against future changes in interest rates that we can't predict. Use this tool to calculate your repayments and total interest under different fixed and variable rate scenarios.

Loan Comparison Calculator - Select any two home loans on the market for a direct cost comparison. Determine which is the cheapest in total fees and interest over the life of the loan.

Stamp Duty Calculator - Work out how much stamp duty will be payable on the purchase of your new home.

Principal & Interest Calculator - Work out what portion of each monthly repayment is principal and what portion is interest.

Costs of Buying (2)

Lenders Mortgage Insurance Estimator
In nearly all cases, if you borrow more than 80 per cent of what the lender considers to be the value of the property they will ask you to pay their mortgage insurance. This handy estimator determines how much this is likely to cost you.

Home Cost Estimator
This calculator allows you to estimate the total cost of purchasing a property including all those nasty hidden costs.

Buy or Rent or Invest (4)

Rent vs Buy
This tool allows you to compare your estimated financial position after seven years of renting with your estimated financial position after seven years of home loan repayments.

Buy Then Sell or Sell Then Buy
This estimator provides an indication of the costs you will face depending on the order in which you sell your old home and buy your new one.

Relocation Timeline
This calculator takes your specific moving details and produces a customized timeline. This can then be printed out in the form of a checklist to tick off tasks as they are completed.

Can I Afford An Investment Property?
This tool provides an estimate of how much an investment property will cost. It combines the cash operating revenue and the cash operating expenses with the change in the amount of income tax paid to measure the net change in the investors income due to the investment property.

Banking (12)

Search & Compare Savings Accounts and Term Deposits
Small Business Loans
Small Business Calculator
Compare credit cards - The small business calculator that lets you enter set-up costs and running costs to establish a comprehensive business financial summary.
Debentures comparison page
Compare Homeloans
Transaction Accounts
Personal Loans
Small Business Loans
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Business Credit Cards
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Investment (3)

Margin Lending Calculator - Gearing Simulator
Margin Lending Calculator - Stock Lookup
Find and compare brokers

Planners (3)

Savings Calculator

Budget Planner - Try our Budget Planner. Enter your annual income and expenses to assess your financial position.

Statement of financial position. Check your financial position and overall financial capacity.

Retirement / Superannuation (6)

Retirement planner
Could your super and the age pension be enough to give you the income you would like to have when you retire? Ask the FIDO retirement planner to crunch the numbers and show you.

Account-based pension calculatorAccount-based pension calculator
An account-based pension or annuity is one of the products you can buy with your super when you retire. Account based pensions are also known as allocated pensions.

Superannuation calculator
Works out how much super you'll have when you retire and how fees affect your final payout.

Reverse mortgage calculator Reverse mortgage calculator
See how your reverse mortgage debt builds up and may affect how much of your home you still own as time goes by.

Centrelink Rate Estimator

Super vs mortgage calculator

Federal - Tax, Help and Others (16)

Rates

Income tax
Individual income tax rates - Shows the percentage of tax payable for each income bracket, for individual Australian taxpayers, for the financial year 2009-10 and 2010-11.
Individual income tax rates for prior years - Shows the percentage of tax payable for each income bracket, for individual Australian taxpayers, for prior financial years.
PAYG withholding
Students and graduates

Calculators

Income tax
International
Families
Medical
PAYG withholding
Payments
Seniors
Students and graduates
Superannuation
Work related expenses
Other calculators
Other tools

Insurance Guides (5)

Car Insurance Guide (MoneySmart)
Health Insurance Guide (MoneySmart)
Home & Contents Insurance Guide (MoneySmart)
Life Insurance Guide (MoneySmart)
Travel Insurance Guide (MoneySmart)