What to do about the new rules for CGT and trusts
Tax changes are coming — and proactive planning matters.
Recent developments concerning Capital Gains Tax (CGT), negative gearing and the taxation of trusts could have significant implications for Australian investors and business owners.
At The Hendrie Group, we’re already reviewing what these changes may mean for our clients and identifying who could benefit from taking action.
If you’re considering:
• Selling an investment property, business or other significant asset
• Changing how your assets or investments are structured
• Transferring assets between entities
• Making another major financial decision
it’s important to seek advice before proceeding. The timing and structure of your decision could materially affect the tax outcome.
While the negative gearing and CGT reforms have been legislated, further guidance may still be needed on some practical aspects, including how direct property and privately owned businesses will be valued under the new CGT rules.
Proposed changes relating to trusts are still being developed by Treasury, so there remains uncertainty about how these measures will operate in practice.
Our team is closely monitoring these developments and assessing both their potential impact and the planning opportunities they may create. For some people, this could mean reconsidering how assets are owned or taking strategic action before the new rules take effect.
Where we believe an existing client may need to act, we will contact them proactively once there is enough certainty to provide sound advice.
If you’re not currently receiving proactive advice about how these changes could affect you, now is a good time to start the conversation.
Contact The Hendrie Group before making any significant financial or structural decisions that may be affected by these reforms.
Our focus is to help ensure your affairs are structured effectively and that you pay no more tax than the law requires.
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