When the time comes to sell your business, make one last good decision and let us help you achieve the best outcome possible.
There are a number of tax issues you need to consider when selling your business – the most prominent of which is Capital Gains Tax.
Capital Gain Tax arises as a result of the sale or disposal of assets or an entity, but there are many strategies we can implement to minimise this tax and achieve an optimal outcome. For small businesses there may be a number of Capital Gains Tax concessions available.
Often our clients seek advice and support to transfer their business to a family member. This is common with farming families and generational succession planning.
Capital Gains Tax is a complex part of our taxation system and it is heavily regulated and subject to close monitoring.
Sinnotts Accountants have extensive experience across the region helping families navigate the intricacies of Capital Gains Tax.
To discuss this further, please call your nearest office; complete our online contact form or email reception@sinnotts.com.au
Camperdown
19 Pike Street
03 5557 3337
Colac
58 Hesse Street
03 5231 4183
Warrnambool
192 Koroit Street
03 5561 5622
Port Fairy
38 Bank Street
03 5568 1402
You can book an appointment online anytime
At Sinnotts Accountants, we believe in providing quality, pro-active advice to our diverse client base. We care about our clients and all our staff have a desire to build a practice that reflects our core values of expertise, teamwork, commitment and confidentiality. Our primary objective is to contribute to the success and prosperity of our clients. We are committed to giving personal attention in a cost effective manner.
