Will your business and investment structures stand the test of time? We see so many cases where business owners and investors rush into new ventures and purchases without considering the long-term ramifications.  

Whenever purchasing or selling an asset for either investment or business there are 3 taxes to consider:

1. Transfer duty (aka stamp duty) - is levied on the purchase price of most capital assets. The rules and requirements vary from state to state in Australia, click here for a link to Western Australia (WA) duties calculator.   
2. Capital gains tax (CGT) - applies to the sale of all assets, a 50% discount may apply to assets held for more than a year.
3. Goods and services tax (GST) - is levied at 10% on purchases of business assets or real estate connected with Australia.

Every time a transaction is made the effect of the above taxes needs to be carefully considered and planned for. Getting it wrong can lead to double taxation, especially in the case of duties and CGT.

If you are planning any important investments now or in the future, we urge you to contact us immediately before putting pen to paper, getting it wrong can be a very expensive mistake.  We offer an independent structure review service- contact us on BDTeam@Primarius.net.au for more information.