101 Ways to Save Money on Your Tax - Legally! Updated for 2014-2015

Glossary

$1000 upfront tax concession

If you acquire ESS interests under a taxed-upfront scheme that meets certain conditions, you will be eligible to receive a tax concession of up to $1000 if your taxable income after adjustments is $180 000 or less.

30-day rule

If you dispose of your ESS interest within 30 days after the deferred taxing point, the deferred taxing point becomes the date of that disposal.

45-day rule

See holding period rule.

ABN

Australian business number; a unique identifying number issued to all entities registered in the Australian Business Register.

ABR

Australian Business Register; the extensive database of identity information provided by businesses when they register for an ABN www.abr.gov.au.

ACCC