News - Westcourt

Part 1: The New Rules – How Capital Gains Tax Changes From 1 July 2027

Learn 29.05.2026

Part 1: The New Rules – How Capital Gains Tax Changes From 1 July 2027

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.

Passing the Business to the Kids: 5 Tax Strategies and the Traps in Each

Learn 22.05.2026

Passing the Business to the Kids: 5 Tax Strategies and the Traps in Each

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.

Startup Capital Raising Tax in Australia: Part Two — Crowdfunding by issuing shares

Learn 15.05.2026

Startup Capital Raising Tax in Australia: Part Two — Crowdfunding by issuing shares

For founders of a private business, either in Perth or Australia, looking at crowd funding by equity or loans - the tax risk in the crowd funding round round is usually set before money lands. Investor class, instrument choice, ESIC timing, CSF compliance, R&D interaction and employee option valuation should be checked before the term sheet is marketed.

Crowdfunding Tax for Private Businesses: Part One — Rewards, donations and debt campaigns

Learn 12.05.2026

Crowdfunding Tax for Private Businesses: Part One — Rewards, donations and debt campaigns

Rewards crowdfunding can be an attractive option for many businesses – especially in startup phase. However, crowdfunding, in the ordinary sense, is usually taxed more like sales revenue than capital raising. Donation campaigns can also be tax assessable where they fund business activity. Debt raises are not income, but interest deductibility, withholding, tax file number reporting and Division 974 need tax review before launch.

The Best Xero Forecasting Tools for Private Business: A Practical Guide

Learn 01.05.2026

The Best Xero Forecasting Tools for Private Business: A Practical Guide

Most owners ask which Xero forecasting tool is best. The honest answer is that it depends on what you are trying to see.

Employee Wants to Work from Bali? What Perth Business Owners Need to Know Before Saying Yes

Learn 22.04.2026

Employee Wants to Work from Bali? What Perth Business Owners Need to Know Before Saying Yes

Remote work overseas can trigger foreign tax registration, local payroll withholding, visa breaches, insurance gaps, and a risk most Perth business owners have never heard of: a permanent establishment in another country.

Division 296 tax and SMSFs: Key action steps for 26-27

Learn 17.04.2026

Division 296 tax and SMSFs: Key action steps for 26-27

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.

Division 296 tax and SMSFs: What private business owners need to know

Learn 02.04.2026

Division 296 tax and SMSFs: What private business owners need to know

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.

The 5 Cs of Credit: How Private Businesses Should Tailor Their Loan Applications

Learn 27.03.2026

The 5 Cs of Credit: How Private Businesses Should Tailor Their Loan Applications

A finance application is important for a private business to get a loan. It affects the interest rate, loan conditions, security required and the speed of the loan application. In practice, most commercial lending decisions are built around five core factors: character, capacity, capital, collateral and conditions. These are known as the 5 Cs of Credit.

Asset Protection for Private Business Owners: Part 2

Learn 20.03.2026

Asset Protection for Private Business Owners: Part 2

Asset protection for private business owners is usually not about one structure or one trust. In most cases, it involves separating trading risk from passive wealth, reviewing who controls key entities, documenting loans properly, and aligning the structure with tax and succession planning.

Asset Protection for Private Business Owners: Part 1

Learn 13.03.2026

Asset Protection for Private Business Owners: Part 1

Asset protection for private business owners is usually not about one structure or one trust. In most cases, it involves separating trading risk from passive wealth, reviewing who controls key entities, documenting loans properly, and aligning the structure with tax and succession planning.

Deeds of Partition: A Strategic Tool for Property Developers and Family Investors in WA

Learn 03.03.2026

Deeds of Partition: A Strategic Tool for Property Developers and Family Investors in WA

In Western Australia, a deed of partition is one of the most under-utilised tax structuring tools for property developers and their advisers. Used correctly, it allows co-owners of land to divide property so that each walks away owning a defined parcel outright — tailored for their tax strategy – sometimes without triggering unintended tax or duty consequences.

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