By: Noel Whittaker So June 30 is rapidly approaching – a good time to think about capital gains tax. It’s the friendliest tax you can pay because it is not triggered until you dispose of the asset, and this may be many years after you acquired it. Furthermore, if you have owned it for over 12 […]
By Max Newnham The task of choosing the best structure to own and operate a business through is made harder because of the different tax treatment relating to each structure. If a business has a high likelihood of being sold at a profit due to an increase in the value of goodwill, a company is the […]
By: Simon Dorevitch 1 AFFILIATES Remember your spouse and children’s birthdays…and that they are no longer automatically your affiliates. Since 1 July 2007, an individual or a company is an affiliate of yours if the individual or company acts, or could reasonably be expected to act, in accordance with your directions or wishes, or in concert with you, in […]
By Max Newman When the small business capital gains tax concessions were introduced eligibility was dependent upon the owners having net assets of under $5 million. When the small business entity tax concessions were introduced eligibility for the CGT concessions were changed. The first criteria for eligibility was the business needed to be classed as a […]
