Tax Strategies

Managed investment trusts (MITs) are able to invest in affordable housing, allowing investors to receive a 60% CGT discount on any capital gains made.

Using the entertainment facility leasing provisions of the FBT Act to make owning and operating a boat or yacht as tax effective as possible.

If your business has a turnover greater than $2 million then to qualify for the small business CGT concessions (and potentially pay no tax on your business sale) you need to pass the $6 million net assets test. 

The sole trader business structure involves the individual personally operating their business. A sole trader in Australia can earn $18,200 before starting to pay any tax.

This strategy involves having a company’s ordinary shares owned by a family trust structure (instead of the individual directors).

This strategy involves purchasing a loss-making business and taking ownership of the company structure (to access the accumulated tax losses).

This strategy involves employee’s salary sacrificing $1,000 of wages income (which is taxable) for $1,000 of employer provided goods or services (which is tax free).

Work-related counselling provided to employees (and their associates) in order to improve or maintain their efficiency at work or prepare them for retirement will be tax deductible and FBT exempt.

Long service awards granted in recognition of 15 years or more service are tax deductible and FBT exempt up to a certain amount.

Employer provided taxi travel that is a single trip beginning or ending at the employer's place of work will be tax deductible to the employer and an FBT exempt benefit to the employee.