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If you’re operating a business within a trust, there’s an exciting tax strategy you should be aware of. Under recent ATO Capital Gains Tax (CGT) rules, it’s possible to move your business from a trust to a company without triggering…

One tax planning strategy that we frequently recommend to clients with trusts is the use of a bucket company. This is especially useful when it comes to distributing trust profits efficiently. A common component of this strategy is the Division…

Last year, the government introduced a new section in the Tax Act aimed at curbing tax avoidance, specifically regarding trust distributions. While this move was meant to target tax planning at the top end of town, it has inevitably impacted…

Last year, the government introduced a new section in the Tax Act aimed at tax avoidance. To many, it seems like it’s about taking all the fun out of tax planning. The new rules particularly impact trust distributions to family…

When selling your business, timing is everything, especially when it comes to minimising capital gains tax. Capital gains tax is calculated on the date of contract signing. So, if you’re considering selling your business and planning to sign a contract…

Small businesses have a few benefits as far as tax planning goes. While they may not necessarily result in tax savings, tax minimisation strategies can push tax payable down the road. With changes in tax rates happening from July 1,…