Lift Accounting & Advisory

If you own an investment property, 1 July 2027 is a date worth putting on your radar now.

Under the new CGT rules, eligible gains accrued before that date remain under the existing discount rules. Gains accrued afterwards move to inflation indexation with a minimum 30% tax rate.

That creates an important question: what was your property worth at the changeover date?

For assets without a published market price, there will be two ways to divide the gain:

• Establish the market value as at 1 July 2027
• Use the prescribed apportionment method

Neither option is automatically better. The result will depend on when you bought, how the property has grown and how long you plan to hold it.

You can’t obtain a valuation for a future date yet. You can start identifying the assets affected, understanding the options and keeping the right records.

If you’re unsure what these changes could mean for you, book a consultation with the Lift team.

General information only. Individual circumstances vary.

There’s a lot to carry when you own a business.

The team. The clients. The decisions. The cash flow. The tax. The plans for what comes next.

You might be capable of managing all of it.

But that doesn’t mean you should have to.

Having the right people around you means there’s someone looking at the numbers, asking the questions and helping you think a few steps ahead.

You still run the business.

You just don’t have to carry every part of it alone.

Six months ago, Tara joined the Lift team.

Since then, one of the loveliest things has been seeing how many people who already knew and trusted her have sought her out here.

This review from Kat captures exactly why:

“Not often do I leave meetings with accountants feeling relaxed!”

Kat came to Tara as a new business owner, feeling overwhelmed by everything she didn’t yet know. She left with clear steps, renewed confidence and the feeling that she could handle what came next.

That’s Tara.

Warm, patient and exceptionally good at explaining numbers without making anyone feel silly for asking.

If you’re starting a business and wondering how on earth you’re supposed to manage the financial side, Tara would love to help.

Thank you for the wonderful review, Kat.

I used to lie awake worrying about work.

The endless to-do list. Missing time with my kids. Feeling like if I switched off, everything would fall behind.

These days, things are different.

Not because business is perfect, but because I've built a team I trust and systems that don't rely on me doing everything.

If you're a business owner whose business is keeping you awake at night, it might be time to look at what needs to change.

Sometimes, one conversation can make all the difference.

Reach out via DM or contact us over at liftaccounting.au

The clients we worry about most...

..are usually the ones we haven't heard from in months.

Their business has changed.

They've bought equipment.

Hired staff.

Taken out finance.

Signed a lease.

But we only find out once everything's already happened.

The earlier we're involved, the more opportunities we have to help.

Good accounting isn't about looking backwards.

It's about helping you make better decisions before they become expensive ones.

Your tax bill shouldn't be a surprise.

If you're finding out what you owe after the financial year has finished, you've missed one of the biggest opportunities your accountant can provide.

The best business owners don't just look backwards.

They look ahead.

Knowing your expected tax position throughout the year helps you make better decisions around cash flow, investments, super contributions and business growth.

It also means you can stop worrying about what might be coming.

Good accounting isn't about reacting.

It's about planning.