Budget 2017 Note 1: Property investors – Reduced Depreciation Deductions

Property investors to lose some tax depreciation deductions benefit In the May 2017 Budget, the Government announced that for existing properties bought after 9 May 2017, removable fixtures and fittings depreciation deductions are limited to only those expenses directly incurred by investors. This measure is yet to be legislated by Parliament. Removable fixtures and fittings items […]

Tax Strategy 1: Minimise Capital Gains Tax – sign sale contracts in July

Did you know that a taxable capital gain is determined at the time a contract is entered into rather than settlement date? If you’re considering selling shares or property you may want to delay signing the contract until 1 July 2017.

Tax Strategy 2: Gain advantages with a Discretionary (Family) Trust

A Discretionary (Family) Trust structure will protect your assets from any future claims by creditors that may be made against you as an individual. Setting up a Discretionary Trust offers you flexibility to distribute income and capital gains to others such as your spouse and children over 18.