Taxation Archives - Prosolution Private Office

Is established property still worth investing in after the tax changes?

07/07/202606/07/2026 by Stuart Wemyss

It now appears likely that the proposed tax changes affecting established residential property will be enacted into law. Given this, I thought it was worthwhile revisiting whether investing in established residential property remains an attractive long-term investment option. The return problem: more cash in, but no higher capital growth Quarantining the negative gearing benefits associated with investing in established residential property materially reduces the attractiveness of investing …

Tax grabs dressed up as housing policy: what investors need to know

01/07/202629/06/2026 by Stuart Wemyss

Last Friday, both Houses passed the Treasury Laws Amendment (Tax Reform No. 1) Bill 2026. At the time of writing, the Bill has not yet received Royal Assent, so technically it is not law. However, Royal Assent is generally regarded as a mere formality. Importantly, the practical application of the new rules still depends on several key ministerial decisions that …

Our preliminary response to the 2026 Federal Budget

15/05/202613/05/2026 by Stuart Wemyss

On Thursday, 14 May, we recorded a live YouTube presentation summarising how the proposed tax changes may affect investors, what options may be available, and our current advice. Click here to watch the presentation. Part A: Our view of the tax changes in the budget The main political rhetoric supporting this budget is intergenerational fairness …

2026 Federal Budget: Big tax changes, but do not panic yet

13/05/202612/05/2026 by Stuart Wemyss

Treasurer Jim Chalmers handed down the 2026-27 Federal Budget last night and boy, this is a whopper! The Government has announced a fundamental restructuring of capital gains tax, negative gearing, and the taxation of discretionary trusts, alongside a permanent extension of the $20,000 instant asset write-off, modest personal income tax cuts, and a phased wind-back …

The investors who obsess over tax often miss what matters more

05/05/2026 by Stuart Wemyss

Paying tax is psychologically painful. Loss aversion means we experience losses about twice as strongly as equivalent gains, and this effect is amplified when we pay expenses. Governments are widely seen as wasteful with public money, and that perception is largely justified. Virtually every taxpayer shares the view that too much of what they contribute is squandered. No one enjoys handing it over. But …

Why PAYG employees should think about tax planning differently

10/11/2025 by Stuart Wemyss

If you are a PAYG employee, you probably feel like you are paying more than your fair share of tax, and you are not wrong! The system is not built in your favour. One of the most common questions we get from PAYG earners is: “What can I do to legally reduce the amount of tax I pay?” This blog answers that question. Why is the …

Strap yourself in for some tax reform – here are some suggestions

24/09/202513/08/2025 by Stuart Wemyss

The Federal Treasurer, Jim Chalmers, has publicly acknowledged that both state and federal budgets are under unsustainable pressure. He’s been clear that achieving budget sustainability cannot be done without both raising taxes and cutting spending. Chalmers has also spoken about the need to reduce our reliance on income taxes. Australia absolutely needs tax reform – …

Your Ultimate Guide to Smart Tax Planning: Tips and Strategies for 2024/25

27/05/202521/05/2025 by Mena Abraham

Tax season can be stressful, but a bit of smart planning can help you save significantly. Let’s walk through some essential tax planning tips and strategies for the financial year 2024/25, designed to help individuals and small businesses maximise their benefits and minimise their tax obligations. Understanding Tax Planning Tax planning involves arranging your financial …

Property ownership in personal names – factors to consider

06/05/202506/05/2025 by Stuart Wemyss

Most investors tend to own property in their personal names. Regarding alternatives to personal name ownership, I have previously explained why I generally avoid using family trusts to own property – primarily due to higher land tax rates and the likelihood of not immediately benefiting from negative gearing. Additionally, last month, I discussed the potential …

Property investment company: reduce CGT by 28%!

02/04/202501/04/2025 by Stuart Wemyss

Typically, accountants tend to advise against using a private company structure to hold geared property investments. However, investors shouldn’t automatically dismiss this approach, as it can provide substantial capital gains tax (CGT) savings. Commonly cited disadvantages of a company ownership structure There are two main disadvantages of using a company structure for property investment: Although …

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