Companies

Companies

“The structure…will automatically provide the pattern for the action which follows.” – Donald Curtis

A company can be a useful vehicle for saving tax because the company tax rate is a flat 30% and accumulated profits can be allowed to build up in the company indefinitely. Holding assets in a company can be a method of protecting them from creditors but you do lose the benefit of the 50% CGT concession that is available to individuals. Bear in mind that if you hold your home in a company name, you may pay higher land tax and it is not free of CGT if you sell it.

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