Cracking Division 7A: how to access company profits without triggering a tax bomb
Does this sound like you? You run a successful family-owned business through a private company. Over the years, your company has accumulated profits that could help fund personal investments or assist family members. Like many SME owners, you see no harm in accessing these profits informally. After all, it’s your business, right?
Subdividing the family property – income or capital?
Subdividing your land is a great way to release money for other projects as the prices of Australian real estate continue to climb. However, the tax consequences of subdivision and development are complicated. Getting the details wrong could cost you up to 100% more tax than you would otherwise be required to pay.
The simple truth about capital gains
Previously, politicians (most recently, the Shorten Opposition) have proposed halving the CGT discount to 25%, or maybe eliminate it completely. Is this a good idea? Andrew Andreyev shares the simple truth
Tax Impact Analysis
There is one person who has almost as big an interest in the sale of your business as you do – and that is the Tax Man.