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Thank you Derek for the detailed explanation, that’s very helpful 👍

Great video - thanks. BUT isn’t ATO now scrutinizing the actually distributions to beneficiaries to ensure they actually receive and use the funds and the distributions aren’t simply to avoid/reduce tax. Therefore unless you actually want to gift the money to the beneficiaries - this may not work under scrutiny from the ATO especially under an Audit.

Thank you for your Webinars!!! Can you please do one on FBT with Salary Packaging - An employee buying a car - how much tax is saved and cost to the employer

Thank you

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How can we make our home from personal to company owned with a family trust?

Hi Derek, Thanks for the video. I have a query though. Say, for example, a director took a loan of $50,000 on 1 Jan 2021 and repaid it on 30 Sep 2021. He lodged his FY 21 tax return on 31 Dec 2021. Now, does the director needs to pay the interest for the loan from 1 July 2021 to 30 Sep 2021? or can we not charge any interest stating that the loan was repaid before tax lodgment date eventhough the loan was repaid after the end of financial year 2021.

Hi Derek - just clarifying- if I’m already salary sacrificing 16,500 and entertainment card of 2500 - can I further salary sacrifice the EV car - on top of what already doing - so 18500 plus additional SS of car - I work for non profit

Hi Derek, at 14.59 you have mentioned that the Tax office will take away the credits for good, so the company's franking account will do down by the 33,333 franking credits?

Thank you very much Derek. Your video is the best explaining car FBT and it help me a lot for my checking of my FBT calculations. My accountant of 20 years plus doing my returns was not able to help me. Thank you.

If I buy a car using company money and title it in my trust is that something I can do? I would use after tax money of course and NOT write it off as its personal. Just want to avoid taking money out paying income tax since i dont own it the trust does

A great video. Does the transition from a Discretionary Trust to a Family Trust remove all nominated Discretionary Trust beneficiaries?

Great video, Derek! Could you do one on the new thin cap rules please?

Loved the video Just want to ask - as you said- lot of time, effort and fair bit of money has to be spent to setup and then ongoing expenses. Is it worth to buy a investment property especially has to pay 2-4% extra interest rate above the standard variable rate

If we have written off the car in 22/23 do we need to still do FBT?

Love your videos! And your cool slide transitions!

Great video. Thanks Derek

Thank you I really enjoyed this video, very well explained

great explanation!

Thanks Derek, your video was really helpful. Would it be possible to get a copy of your spreadsheet calculator so I can check what would be best for our circumstances. Thanks again

Derek please please please get a microphone. This stuff is too good

Brilliant thank you very well explained I’ll call ASAP! 😅

This is excellent info, thanks

Always appreciate your webinar

Thanks for sharing, very informative

There is an mis calculation in the #100K payable tax, it supposed to be #2179 less tax rather than $4179!?

It's ludicrous that $45k-$135k have the same tax bracket. Someone on $135k has the chance to live an incomparably better life than someone on $45k.

Economic investigator Frank G Melbourne Australia is following this very informative content cheers Frank 😊

Thank you 🙏🙏🙏

Hi Derek, I've been looking into Division 7A loan myself recently and hence finding your video. I did watch both of your recent videos on division 7A, but just want to comment I don't think the calcuation for option 6 is entirely correct, please correct me if I've missed something. The additional cost of $37,179 is a break down of addtional repayment of $29,743 from personal interest repayment and $7,436 of additional company tax, but you've completely ignored the income of $22,307 it made from the interest you personally paid. So I think it's either Additional $29,743 over 7 years for the individual. Or Additional $7,436 over 7 years for both entity + the additional tax required to get the $22,307 out from the company to individual as franked dividend. Also if I personally use the Division 7A loan to invest, then the interest of $29,743 would be tax deductable right? Which then leads to my 2nd calculation which I'm not certain I've done it correctly, but the net outcome of all tax bracks is $0 additional payment for Division 7A loan after all deductions and taxes at 15% you get a $4,461 personal interest decuction, but claims $2,975 back from frank dividend + pay $7,436 company tax at 30% you get a $8,923 personal interest decuction, but pays tax of $1,487 frank dividend + pay $7,436 company tax at 45% you get a $13,384 personal interest decuction, but pays tax of $5,948 frank dividend + pay $7,436 company tax

Hi Derek, thank you so much for your video and it’s really amazing and helpful and please keep doing it because we love your video!!!!👍👍👍 unfortunately my company has this issue of never done a logbook or fbt return for two company owned sedans, does that mean we have to lodge all the previous years fbt return using only statutory method? That will be lots of money to pay for employees contributions and will ATO penalise for late lodgement too? Many thanks!!!🙏🙏🙏

Thank you....I follow your videos regularly from India.... working with Australia based CPA firm remotely from India ...thank you for your efforts

Error on the last slide with the 200k income?

Great work Derek, Always watch your Videos

Love your every video and please make more videos when you’re free! 🙏🙏🙏would you provide the name of this budget software you used in this video? Many thanks!!!❤❤❤

Thanks for the videos Derek. I'm a sole trader landscaper. I have an old work vehicle which I have been claiming using the cents per km method but plan on buying a new car before the end of this financial year. Can I claim this financial year both the cents per kms for my old car and 15% depreciation on the new car using the actual cost method?

Should’ve done video on luxury cars over $100000

Thanks for the video. You mentioned that if you pay Div7A loan to the company, the interest is not deductible to you but is taxable to the company. Is it only when the money is used for private purposes? What if you buy shares or investment property ? If you borrow from the bank the interest will be deductible. Could you please clarify.

Thank you for educating me. I learned a lot!

Thankyou so much for this

Note - this video pertains to Australian real estate

Very insightful ! Great video

Thank you very much, lots of information

Excellent video .thank you for sharing!

So if you want to have SMSF as an individual you have to have a company which means u need to be self employed ??

Great work. Please share videos for upcoming FBT season

Thank you Derek for the detailed explanation.

Can we claim the interest on loans ,which is not claimed before in tax return? Our accountant didn't claim the interest rate for the initial few years of our investment property. PLS advice.