+ Borrow more on your investment property and use your main residence as gearing. This increases the deductible interest component. + Always keep your deductible loans separate from non-deductible loans. If they are mixed, an apportionment of interest component is required. This can get messy and could potentially attract an audit. + If paying a wage to your spouse when your spouse is not doing principle work or doing less than 20% of the principle work, the wage should be commensurate to the work or duties performed. + Ensure that your quarterly super expense is paid before the 28th of the following month (for example if super payment is due in September, this must be paid by 28th October). For the June quarter, you need to ensure the payment clears your bank account by 30 June to get a deduction in that year. + Paying off your principal place of residence may not be the best financial strategy for you. This money could be used for leveraged investments outside property such as superannuation and gearing into equities, which can provide superior returns. + If your spouse is entitled to super co-contributions, make sure a non-deductible contribution is made. Depending on your situation, the return on $1,000 could potentially be 150%. + Prepay interest on an interest-only loan to bring the deduction forward.
Putting off invoicing and collecting your June income until July could potentially defer the tax on that income by 12 months. + Salary sacrifice to super can effectively reduce taxable income, without effecting Family Assistance Benefit. It can also allow access to other benefits such as Family Tax Assistance payment and/or super co-contributions. + Always do tax planning before implementing a tax strategy. A sound knowledge of the tax environment will help you avoid nasty surprises. | 
