How section 99B tracing works: corpus, the hypothetical resident test, pre-CGT assets, and why a loss-making asset can still be taxed. Worked examples.

You have profits sitting in an existing company and a new business you want to fund. The obvious move is to pay yourself a dividend and use that money to buy shares in the new company. That can work, but it often leaves less money in the new business, because you pay personal top-up tax before the money is invested.

Two announced changes will change how private business owners are taxed on capital gains and trust income. This guide brings together the three parts in one place.

Part 3 of the CGT and trust reform guide. A 30% minimum tax on discretionary trusts from 1 July 2028 strikes at income splitting and bucket companies — here is what to review now.

Five worked examples and the question every owner is asking: sell before the deadline, or hold? Part 2 of a three-part guide.

If you own an investment property, shares or a business asset, the way your profit is taxed when you sell is about to change. The 2026–27 Federal Budget, handed down on 12 May 2026, announced that from 1 July 2027 the 50% capital gains tax (CGT) discount will be replaced.

Most private business owners leave succession too late. They wait until they are ready to step back, then discover that the tax cost of transferring ownership has been building for years — and that the cheapest pathways closed because nobody planned for them.

The proposed Div 296 rules are intended to apply from 1 July 2026. For the 2026–27 financial year, the relevant total superannuation balance test is applied at 30 June 2027. After that transitional year, the regime is intended to move to a greater-of-opening-or-closing-balance test.

For many self-managed super fund members, Division 296 has become a real concern. That is especially the case where the SMSF is tied up in assets that have grown in value over time. Farmers, business owners and long-term SMSF trustees often do not think of themselves as sitting in a high-balance superannuation category in the same way as someone with a large listed share portfolio. That is especially so where the asset is something like farmland, which may never be sold and converted to cash.

Payday super changes start 1 July 26. The Superannuation Guarantee (SG) moves from a “pay it quarterly” mindset to a pay-cycle mindset. Employers will need to pay super around the same time as wages, so the cash arrives in the employee’s fund within 7 business days of payday (with limited exceptions).

Family Trust Elections (FTEs) and Family Trust Distribution Tax (FTDT) have been integral components of Australia’s income tax framework since 1998. While tax professionals across Perth, such as lawyers and accountants, should be well-versed in these concepts, it’s essential not to let familiarity lead to complacency. As families evolve and children grow, establishing new tax, businesses and financial structures, the definition of the “family group” might not align with the family’s perception. This discrepancy can inadvertently lead to appalling tax outcomes, including the imposition of a family trust distribution tax at a rate of 47%.

As we approach the new financial year, exciting tax changes are on the horizon, offering Australians an opportunity to optimise their superannuation funds—whether they’re SMSF managed by a Perth tax advisor or APRA funds. Effective 1 July, the enhanced concessional super contribution tax limits will potentially help people increase their retirement and reduce their overall tax burden as the same time. Understanding the various tax avenues available to boost your retirement savings, such as the small business CGT concessions and the downsizer super contributions, is crucial. However, one of the most structured and ongoing tax benefits is the additional concessional super contributions. Let’s review the primary contribution types and explore how a Perth tax adviser will leverage the expanded caps to tax effectively structure your wealth.