Client Problem
Our client had a Capital Gain in excess of $1.6M from the sale of an investment property. They sought out the advice of tax accountants Sydney, Gotsis Rubic & Barbariol, regarding tax law provisions to reduce their tax liability on the Capital Gain.

Tax Effective Recommendations

By analysing the history of the property sold, its usage during the years they owned it, and other considerations, our research showed that our client could reduce their Capital Gains Tax to zero. Imagine their surprise!

First, because they held the property, as individuals, for more than 12 months, they were entitled to a 50% concession on the Capital Gain.

Second, because our clients met the inactive asset test requirements, there was another 50% concession on the balance.

Finally, with no tax liability on the Capital Gain, our clients were entitled to take advantage of the provision that provided for asset retirement.

Real Tax Benefits
Using the appropriate tax advice given by tax accountants Five Dock, Gotsis Rubic & Barbariol, our clients were able to take advantage of the tax law provisions and the Small Business Concessions. This allowed them to incur no tax liability on a Capital Gain of more than $1.6M, without any complicated changes or elaborate tax positioning, so you can imagine our client’s surprise at the outcome.