Tax & You (124) Listeners' Questions

Mr Trinh Huu Loc

Ông Trịnh Hữu Lộc, chuyên gia thuế vụ tại Sunshine, Victoria. Source: SBS Vietnamese

In the past week, we received quite a lot of e-mail correspondence to get answers.


Today we would like to dedicate the whole program to reply to the letter.

The questions are as follows:

- I have heard that the government changed the law and allowed self-managed superannuation people not to do annual audits, is that true? And heard that this fund is up to 6 participants, right?

-I have a house in the house, if I sell I do not have to pay, right? Would you like to move to the backyard for my child, is it taxable?

-I just received a letter from the Tax Office saying, that I have a large amount of money in the bank but not declared in the tax records in the past year. However, the amount of money I did not withdraw, so why should I claim? What should I do?

- Please tell me, I have already filed a tax return, but now find some shortcomings. So how can I adjust and how?

- I recently heard the new government law that I could mortgage my house to the government if my pension was not enough. So do I bring my house to the world, to borrow money from the government?


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