Granting an Option to Sell Your Land: Understanding the Capital Gains Tax Implication

Introduction In 2025, navigating property transactions remains a critical aspect of tax planning for landowners. Selling land through an option agreement is a common practice, particularly when developers express interest in securing future purchase rights. However, these agreements introduce complexities, especially regarding Capital Gains Tax (CGT) implications. If you’ve been approached with an option agreement, […]

Why You Shouldn’t Lodge Your Tax Return in July: Avoiding Common Tax Return Mistakes in 2024

Each year, thousands of Australian taxpayers rush to lodge their tax returns in the first two weeks of July, eager to access their refunds. However, this approach often backfires. In 2025, the Australian Taxation Office (ATO) is once again urging taxpayers to avoid lodging too early. Rushing to lodge before critical income details are pre-filled […]