If anyone wants to pay more tax, they need their head read.

In 1991 Kerry Packer famously quoted ‘ I am minimizing my tax and if anybody in this country doesn’t minimize their tax they want their heads read because as a government I can tell you you’re not spending it that well that we should be donating extra’.

We find many clients feel the same. In order to reduce your taxation, you must be planning in advance which is often something accountants don’t always have time to do well as they are reactively dealing with Taxation Office deadlines.

Items that need to be considered are ;

  • The name in which assets are held

  • Which structures e.g.: family trusts, companies and superannuation can help with your tax

  • Tax deductibility of debt

  • The timing of asset sales capital gains tax strategies

  • Superannuation contributions

  • The use of investment strategies to take advantage of different tax rates

  • Small business-related capital gains concessions

  • Taxes on death within superannuation

  • Stamp Duty

  • Taxation for ex-pats living outside Australia