Income Tax Planning, Medical Finance, Medical Student, Medical Accounting, Healthcare Accountant

Other Taxes

Business Compliance | Income Tax | Other Taxes

Capital Gains Tax

Apart from the primary residence exemption, all other assets are levied with capital gains tax upon disposal. From property and shares to the sale of businesses, practices and pharmacies, the key way of minimizing liability is to reduce value by utilising available concessions.

Concessions for small businesses are one example, but the legislative framework covering both the interpretation and application of concessions is a complex one.

It is worth knowing, though, that professional expertise and forward planning can sometimes reduce capital gains tax liability to zero. We can ensure you access all available concessions.

Fringe Benefits Tax

This is essentially a compliance issue, so we can, if required, provide administrative support. More importantly, we can advise you on the implications and costs of administering your own FBT scheme, as well as ways to legitimately minimize or even avoid these costs altogether.

Goods & Services Tax

Let's face it: GST obligations simply make you an unpaid tax collector, and the administrative costs and burdens of collecting and remitting GST are onerous. Time poor business owners may find it cost effective and a lot less stressful to have us oversee quarterly administrative requirements.

Land Tax

Land tax is an issue for owners of multiple land holdings. There are also special rules applicable to trusts that own land. There is no way to reduce liability but it is important to access expert advice, so as to ensure accurate assessment and avoid unnecessary overpayment.

Stamp Duty

Stamp duty issues can arise when implementing strategies to convert non deductible debt (e.g. home debt) into deductible debt. When restructuring client affairs, we look at ways to legitimately reduce liability. Sometime it is possible to avoid liability entirely. For instance, spouse to spouse transfers are land tax exempt so a husband to wife sale can free up equity for investment purposes, without any loss to land tax.