We look at SMSF property valuations and related-party leases, and the importance of having appropriate evidence ready to support market values and arm’s-length rental arrangements during the annual audit.

An independent business valuation helped The Trident Fish & Grill understand its value drivers and make informed decisions for future growth.

The Government’s proposed 30% minimum tax on discretionary trusts could have significant implications for some family groups, particularly where trusts distribute income to companies, although the rules remain subject to consultation and aren’t final yet.

For many businesses this will mean simpler pricing, fewer compliance headaches and potentially better margins, but it also means some preparation is needed.