Bryant & Bryant

Charted Accountants

Tax & Structuring

Who is a resident for tax purposes?

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A person’s residency for tax purposes can be one of the most difficult issues to determine in Australian tax law. And it is not just a question of whether a person is a “citizen” of Australia. Moreover, it is highly relevant from a tax point of view, as a person who is a resident of [...]

Who can I nominate as my super beneficiary?

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Your superannuation death benefits must be paid to someone when you die. That somebody will usually be your estate or your nominated beneficiary (also known as your dependents). Paying death benefits to your estate Unlike other assets such as shares and property, your superannuation and any insurance benefits you have in superannuation do not form [...]

Are you eligible to make a personal deductible contribution?

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Personal deductible contributions can allow individuals to claim a tax deduction for contributions they have made to superannuation provided they meet certain requirements. So what are these requirements and what should you look out for? Eligibility requirements You will be eligible to claim a deduction for your personal superannuation contributions if: You meet the aged [...]

Don’t overlook the CGT small business roll-over concession

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The CGT small business concessions are invaluable to those who make a capital gain from a small business. They can eliminate a gain entirely; they can reduce a gain; and they can allow for the gain to be CGT-free if paid into a superannuation fund. But it is often forgotten that the gain can also [...]

Small business skills and training boost

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Looking to boost your employees’ skills and your tax deductions at the same time? Then keep reading to see if you could be eligible for the small business skills and training boost! If you run a small or medium business and are planning on investing in, or recently invested in, training your employees, taking care [...]

Property developers – and would-be ones – beware!

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For property developers - or would-be property developers – a recent decision of the Federal Court may be of interest.  In Makrylos v FCT [2023] FCA 971, land acquired by a property developer was treated as trading stock from the date of its original acquisition, and not a later date proposed by the taxpayer. This [...]