Year End Tax Planning for 2017
We are fast approaching the end of the financial year, and now is the time to review your financial position for the year to date.
Over the coming weeks, you will have a once-off opportunity to review your taxation position for the 2017 year, and put in place appropriate taxation strategies to ensure you pay no more tax than you should.
You should contact OBT on 5462 2277 IMMEDIATELY if one of the following situations applies to you for the period 1 July 2016 to 30 June 2017:
|Extra Income||Your Situation|
|You have made a capital gain from the sale of property or shares. (IMPORTANT: Please note that the critical date for capital gains tax is CONTRACT DATE, NOT settlement date.)|
||Your business profits are higher than usual.|
||You have received a bonus payment.|
||You have received larger dividends or investment income than usual.|
We can recommend a number of strategies that can reduce your tax for each of these situations, but you need to contact us immediately to allow enough time to set up these strategies.