Practical Australian Capital Gains Tax (CGT) guidance: concessions, valuations, trust strategies and compliance for property, business and investor clients.
A 2024 industry report suggests that 34% of Australian business owners undervalue their company by as much as 25% simply because they don't know how...
Did you know that while 50% of Australian business owners plan to retire or move on within the next decade, nearly 70% of them haven't written down a...
Welcome to our April update, where we share key insights to help you stay informed and in control of your financial decisions. This month’s highlights cover important developments across tax, superannuation and financial planning. We explore the introduction of Division 296 tax and what it means for high super balances, potential CGT implications of granny flat arrangements, and the upcoming increase to super contribution caps from July 2026. We also clarify how CGT can still apply in forced asset sales, and revisit car logbook requirements following recent compliance cases. Click here to download our April Newsletter Contact us on [...] READ MORE
Welcome to the February edition of our client newsletter. This month, we’ve curated a selection of timely and practical articles covering important developments in tax, superannuation, and financial planning – all designed to help you stay informed, confident, and in control of your financial affairs. Click here to download our February Newsletter, where you will find invaluable information regarding: Changes to the tax treatment of holiday homes Holiday homes have long been a grey area from a tax perspective. New ATO guidance has tightened the rules around the taxation of holiday rental properties, particularly where owners rent out all [...] READ MORE
Enjoy this month’s December Newsletter featuring articles on these topics: Planning a festive break at a holiday home owned by your SMSF? Who can make a claim against a deceased estate Avoiding an ATO audit Can the cost of clothing be tax deductible? The 50% CGT discount and complex eligibility rules Could you be missing out on thousands in lost super? Click here to download our December Newsletter Contact us on 03 9597 9966 if you have any questions relating to matters raised in any of our Client Newsletters.
Our November Newsletter features articles on the below topics: Christmas and tax – for business owners Reducing your tax bill while topping up your super Division 296 tax revisited – for super balances over $3 million Home equity access scheme (HEAS) - for older Australians Renting your holiday home - key tax rules Using your home to produce income Click here to download our November Newsletter Contact us on 03 9597 9966 if you have any questions relating to matters raised in any of our Client Newsletters.
This month, we bring you a selection of timely and practical articles covering key updates in tax and superannuation – all designed to keep you informed, confident, and in control of your finances. In this edition: Protecting your super from scams – with over $4 trillion in superannuation, it’s no wonder scammers see it as a target. ASIC has warned Australians to stay vigilant amid rising pushy sales tactics and false promises aimed at persuading people into risky super fund switches. Since your super is one of your most significant investments, we outline key steps to help safeguard [...] READ MORE
One asset protection strategy that is often considered is putting your home in a trust. While this may offer some asset protection benefits, it also comes with significant tax consequences, particularly the loss of the Capital Gains Tax (CGT) principal residence exemption. Before you transfer your most valuable asset into a legal structure such as a company or trust, here’s what you need to know about how family trusts work, when they do and don’t protect your home, and why CGT issues can often outweigh the protection benefits. What Is a Family Trust and How Does It Offer Asset Protection? [...] READ MORE
Here’s what’s inside our September newsletter: Economic roundtable wash up – We break down last month’s economic and productivity roundtable outcomes, with the government firmly in control of what tax policy measures might or might not be introduced down the track. Exceeding your super contribution caps – Super is a great tool for retirement savings, but annual contribution limits apply. We explain what to do if you go over the cap and how to navigate the rules effectively. CGT and off the plan purchases – Buying property off the plan? There are important CGT implications you need [...] READ MORE
What’s inside our August Newsletter? Unlocking savings: Your guide to Government concession cards Some CGT consequences of divorce and relationship breakdown The great wealth transfer: Are you ready? Self managed super funds: A suitable path to retirement control? What to expect from tax reform Tax deductibility of clothing Click here to download our August Newsletter Contact us on 03 9597 9966 if you have any questions relating to matters raised in any of our Client Newsletters.
This month we features articles on: • Good CGT records can save you money • Concessional super contributions vs mortgage paydown: what’s the smarter move? • Writing a will in a tax-effective manner • Binding death benefit nominations explained • Small-scale subdivision and property development Click here to download our May Newsletter Contact us on 03 9597 9966 if you have any questions relating to matters raised in any of our Client Newsletters.
When do you need a Capital Gains Valuation? There are several reasons why you would obtain a valuation, such as: We suggest that when selling your home or acquired property through inheritance, demolishing a home or rental for property development GST matters. You may need to obtain a retrospective valuation capital gains property report. Getting a backdated valuation! Your capital gains report is often referred to as a backdated property valuation or a capital gains valuation.Whereas a property valuation will outline the property's market value at a specific time by a certified valuer. This report will help you work [...] READ MORE
Geoff Gartly, Chartered Accountant, SMSF specialist, Business Exit Planner and Certified Business Valuebuilder Advisor, has over 35 Years of experience working with large and small businesses in accounting.
563 North Road, Ormond Victoria Australia 3204
(03) 9597 9966
admin@gartlyadvisory.com.au
Monday – Friday
9am – 5pm
© Gartly Advisory Chartered Accountants 2024 | Privacy Policy & Website terms and conditions | Complaints Policy | Financial Services Guide
© Gartly Advisory Chartered Accountants 2024 | Privacy Policy & Website terms and conditions | Complaints Policy | Financial Services Guide
© Gartly Advisory Chartered Accountants 2024
| Privacy Policy & Website terms and conditions
| Complaints Policy | Financial Services Guide
