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What are the 56 tax planning strategies and how do I apply them?

Overview of tax planning strategies in Tax Plan, including categories, application and tax impact

The Tax Plan strategy library contains 56 pre-built tax planning strategies organised into four categories: Income timing strategies (8), Expense and deduction strategies (35), Superannuation strategies (5), and Other strategies (8). Examples include deferring capital gains, prepaying deductible expenses, making concessional superannuation contributions, and writing off bad debts. To apply a strategy, navigate to Step 3 — Strategies, select the strategy from the library, and use the entity checkboxes to assign it to the relevant entities in the group. The strategy is then reflected in the Tax Planning Strategies section of the Workspace and included in the tax calculation for each assigned entity. The estimated tax saving is calculated automatically based on each entity's marginal tax rate.


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