Capital Gains Tax (CGT) Advice - Hunter Valley Experts

Reduce your tax, protect your wealth and plan with confidence – expert CGT advice from the leading Australian Small Business Accounting Firm & Women’s Regional Professional in 2023 & Australian Regional/Suburban Accounting Firm in 2024

Whether you are selling your rural property, a business, investment property or shares, understanding Capital Gains Tax (CGT) is essential to protecting your financial position. Based in the heart of the Hunter Valley, we provide tailored CGT advice that helps individuals, families and small business owners navigate complex tax rules and make smart decisions. 

What is Capital Gains Tax?

Capital Gains Tax (CGT) is the tax you pay on the profit from selling or giving away an asset. It applies to a wide range of transactions relating to any kind of property, or a legal or equitable right in something that is not property, including the sale or transfer of:

  • Investment properties
  • Rural properties and farmland
  • Businesses and goodwill (including any interest or shares in them)
  • Commercial assets
  • Foreign currency 
  • Shares and managed funds 
  • Units in a unit trust 

But here's the thing: not all capital gains are taxed equally, and there are significant concessions available, especially for small businesses and primary producers.

Who We Work With:

We specialise in CGT advice for clients across the Hunter Valley, regional NSW and wider Australia. 

We have helped people involved in:

  • Primary Production & Farming - including intergenerational property transfers
  • Equine & Vineyard Industries - where land sales and business assets often intersect
  • Sale of Businesses or Shareholdings - including professional services & trades businesses
  • Investment Property Owners
  • Rural Property Owners

Why our CGT Advice Makes a Difference:

As Chartered Accountants who live and work in regional NSW, we understand the unique challenges and opportunities our local clients face.

We will help you:

  • Identify all applicable CGT concessions (including the 50% discount and small business CGT concessions)
  • Minimise tax legally and effectively
  • Structure the sale of your asset for the best tax outcome
  • Consider factors like foreign residency rulings
  • Meet all your tax reporting obligations with confidence
  • Plan ahead to avoid unexpected tax bills

Whether you are preparing for retirement, restructuring your business or simply thinking about selling an asset, the right CGT advice at the right time could save you a lot of money.

Small Business CGT Concessions - Don't Miss Out

If you are a small business owner, you may be eligible for generous CGT concessions that can significantly reduce – or eliminate – your capital gains tax liability. These include:

  • the 15 year exemption
  • the 50% active asset reduction
  • the retirement exemption
  • the rollover relief

 

We will guide you through the eligibility criteria and help you apply these concessions in a way that aligns with your goals. 

Why Choose Palfreyman Chartered Accountants

Experienced Chartered Accountants Specialising in CGT Advice

Locally Based in the Hunter Valley

Plain-English Advice with No Jargon

Proactive Planning, Not Just Compliance

Deep Understanding of Regional and Industry-Specific Needs

My Husband and I chose to redefine the boundaries of our existing properties in order to create a more easily accessible parcel for sale. I sought advice from Simone Palfreyman concerning the looming Capital Gains Tax which might eventuate from the sale of the block to be created. Following an appointment with Simone where we discussed figures eg: values, anticipated costs, projected outcomes etc, Simone was able to provide us with written report which gave us an overall view of anticipated CGT based on those figures. Many thanks Simone for your professional advice and alleviating a lot of the worry and guessing games associated with the unknown, very much appreciated.
Barry and Liz Brown
Thank you so much for your advice regarding the CGT on our property at Aberdare. Even though it been a complicated situation you have clearly outlined all our options and helped to guide us in the right direction once again with your expertise. Thank you so much for always being so accessible and quick to respond in answering our many questions.
Phillip and Jane Reynolds
Simone Palfreyman has been my accountant for the past 15 years. In that time she has dealt with two CGT issues on my behalf, the latest following the recent sale of my rural property at Quorrobolong. I know I can rely 100% on Simone’s ability, knowledge and professionalism to prepare and calculate CGT, and to provide the most advantageous advice to her clients. I regard Simone Palfreyman in the highest esteem, as an accountant second to none.
Judith C Cornford
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Get Personalised Capital Gains Tax Advice Today.

Timing matters when it comes to CGT. Whether you are thinking about a sale or you have already made a transaction, get in touch for advice that is practical, strategic and tailored to your unique situation. Fill out the form below to request an appointment with one of our accountants or advisors.