By having or moving income producing assets or capital gains producing assets into a comparably lower tax environment will reduce your taxation exposure.

Using the example of a family group it may make sense to have all net income producing assets in the name of family member that is in the lower marginal tax bracket.

Consideration must be given to capital gains tax events and stamp duty for shares and real property.  Transferring a term deposit should be a relatively easy transaction.
Moving money into your superannuation fund may also reduce your tax exposure.  

From 1 July 2016 there has been Capital Gains Tax (CGT) rollover relief for changing business structures.  Please refer - https://www.ato.gov.au/General/New-legislation/In-detail/Direct-taxes/Income-tax-for-businesses/Small-business-restructure-roll-over-(capital-gains-tax-roll-over-relief)/

If you would like to discuss further please contact us:
McNamara & Company - Chartered Accountants, located minutes from the Melbourne CBD
www.mcnamaraandcompany.com.au/contact-us
Phone +61 3 9428 1062
Email admin@mcnamaraandco.com

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