The end of the 2016/17 financial year is almost here, so now’s the time to look at deferring investment income & Capital Gains to minimise your tax.
If possible, arrange for the receipt of Investment Income (e.g. interest on Term Deposits) and Contract Date for the sale of Capital Gains assets to occur AFTER 30 June 2017.
The Contract Date is the key date for working out when a sale has occurred, not the Settlement Date!
