Successfully selling a capital asset for a price that is higher than what it costs to acquire it in the first place gives rise to a capital gain. This needs to be reported and declared when you lodge your income tax return. A tax specialist at Lotus Smart can provide capital gains tax advice, including any concessions and deductions that you can claim to minimise your liability. Whether you need help with capital gains tax for companies or residential estates, we can guide and support you every step of the way.
The capital gains tax arises when you make a profit from selling an investment. The amount of capital gains that is subject to tax depends upon the type of asset and other factors, including how long you’ve owned the asset. We can develop a thorough understanding of your assets, after which our capital gains tax advisors can help you maximise deductions and other benefits.
A number of CGT concessions are available for small business in particular, some of which include:
Our capital gains tax specialist accountant can advise clients to increase their access to and eligibility for these and other CGT concessions that they’re legally entitled to claim.
If you’re asking yourself “where can I find the best capital gains tax accountant near me?”, look no further than Lotus Smart. Our points of difference include:
You can rely on our capital gains accountant to help you with property gain tax in Australia. We’ve had tremendous success supporting clients in North Melbourne, South Melbourne, Clayton, Geelong, Bendigo, Blackburn, Essendon and beyond.
When it comes to advising personal and business clients on CGT in Australia, the accountants at Lotus Smart in Melbourne can help. To make a booking, send us an email or submit an online enquiry. Alternatively, you can talk to us by calling (03) 9561 9922 or 0426 267 484.