Reduce Your 2025 Tax

With 30 June 2025 fast approaching, now is the perfect time to start planning to reduce your tax and grow your wealth. A well-structured tax plan can help you legally reduce your tax, improve cash flow, and build long-term wealth. At WLW Group, we work closely with our clients—across industries including agriculture and primary production—to ensure tax outcomes are optimised before year-end.

Here are some key strategies to consider before 30 June:

Maximise Superannuation Contributions

• Contribute up to the concessional cap of $30,000 (or more with carry-forward amounts if unused cap space is available from prior years).

• Your fund must receive contributions before 30 June to claim a deduction.

Tip for Primary Producers:

Consider using farm management deposits (FMDs) alongside super contributions to manage seasonal fluctuations and defer income.

Review Sale of Business Assets

• If you’ve used temporary full expensing to claim an immediate deduction for asset purchases in previous years, selling those assets now may trigger assessable income.

• Plan the timing of any asset sales carefully to manage the tax impact.

Prepay and Bring Forward Deductible Expenses

• Prepay expenses like interest on business loans, rent, and insurance to claim an immediate deduction.

• Accelerate repairs, maintenance, and consumable purchases before year-end.

Tip for Farmers:

Bringing forward costs, such as fodder, fertiliser, or livestock feed, can create immediate deductions while supporting cash flow planning.

Defer Income Where Possible

• Consider delaying invoicing or deferring the recognition of income until after 30 June if cash flow permits.

Review Trust Distribution Strategies

• New ATO guidance on family trust distributions (including s100a rulings) may limit the ability to allocate income to adult children or low-tax beneficiaries.

• Speak with us now to review your trust resolution strategy before year-end.

Use a “Bucket Company” to Cap Tax Rates

• Distribute trust profits to a corporate beneficiary to cap tax at 25% or 30%.

• Retain profits within the group for reinvestment or future distribution.

Manage Capital Gains

• Review your investment portfolio for any crystallised gains or losses.

• Consider the timing of property sales, especially when partial primary residence or small business CGT concessions may be applicable.

Imagine What You Could Do With the Tax Savings:

• Reduce your home or business loan

• Top up your Super or FMD

• Fund a holiday or farm equipment upgrade

• Save for a deposit on an investment property

• Cover children’s education expenses

• Invest back into your farm or business

Let’s Make a Plan

Every client’s situation is unique. Whether you’re running a family business, managing a farming operation, or building personal wealth, we can tailor a strategy that works for you.

Contact us today to book your 2025 Tax Planning Review.

Let’s work together to make the most of your opportunities before 30 June.