In Australia, Capital Gains Tax is a tax which you have to pay on any capital gain that you make. However, you can easily avoid paying this tax by following simple capital gains tax advice.
1. Charitable Donations
If you have stocks which have a huge profit, you can easily donate them to a charity and avoid paying the capital gains tax. This will help to save significant money from your net income. Small business accountant in Sydney helps you in this matter.
2. Gift to Family Members in a Lower Tax Bracket
In the same way, like you can reduce significant tax by donating appreciated stock to a charity, you can also gift it to any family members who don’t have significant incomes. These kinds of assets gains will not be taxable to you.
To know more about reducing capital gain and get the expert advice regarding financial matter, hire Gotsis accounting; an expert capital gain advisor in Sydney. The firm has many expert financial advisors to help you regarding tax matters.
