Family Business

Clients with two highly profitable businesses and a Family Trust with commercial properties generating $400k pa of rent. Used the Capital Gains Tax (CGT) Small Business Concessions to transfer one of the factories into superannuation without paying any tax. The benefit is that they are saving $30k pa in tax and will transfer another one into super in July 2016.

"The tax saving will increase to over $50k pa"

Clients were selling a multi-million dollar business so we transferred property into superannuation and restructured their shareholding. The benefit was that their net assets came in under the $6m Capital Gains Tax (CGT) concession cap.

"Saving us almost $1m in Capital Gains Tax"

Client purchased uncle’s share of a business for $10k when the actual shares were worth $900k. Got the transaction amended in the tax returns to reflect the actual value of the transaction.

"Saving me a significant amount of Capital Gains Tax in the future"