Have you sold or contemplating selling an asset?
When selling assets such as a business, shares or property, the correct advice can make the difference. CGT is all about the right strategy and timing. Get either of these wrong and and it could costs thousands in tax. We always encourage clients to talk to us before selling any asset.
Many people do not realise that when selling a business or business property, significant tax concessions can be applied. For small business, it is possible to sell assets like these and pay little or no tax (depending on circumstances). It is a complicated area of law, but we will ensure that you receive proper written advice prior to entering the transaction to give you peace of mind.
For more information please contact our office.