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Xperion - Proud to be boring accountants

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Kenmore, QLD
Xperion - Proud to be boring accountants

Xperion is a specialist accountant located in Hamilton, Queensland.
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We love number crunching, analysing, extrapolating (that’s one of those terms accountants use to make themselves appear less boring) – all of these things are mind numbingly boring for you, but it’s heart pumpingly exciting for us. We help with anything from starting up your business to existing your business, this includes, ABN registration, GST registration, company set up, trust setup, Xero set

up and training, ASIC agent services, bookkeeping, BAS & IAS preparation, financial statements, income tax returns, payroll tax, fringe benefits tax, tax planning, capital gains tax, structure review and existing your business strategy. We service areas such as Newstead, Fortitude Valley, Eagle Farm, Nundah, West End, Coorparoo, Cannon Hill, New Farm, Albion, Windsor, Clayfield, Hendra, Balmoral, Morningside, Red Hill, Paddington, Murarrie, Wynnum, Woolloongabba, Kenmore, Indooroopilly, Toowong and more.

02/06/2026

🏡 Do you own a holiday home? The ATO has released important new guidance that could affect your tax deductions.

The ATO’s new PCG 2026/3 sets out how it will review deductions for holiday homes that are used for both private stays and rental income. With more Australians listing properties on Airbnb and Stayz, the ATO is tightening its focus on whether these homes are genuinely being used to produce assessable income.

The key message for property owners is simple:
👉 To claim full deductions, your holiday home must be mainly used — or genuinely held for use — to earn rental income.
If the property is primarily used for private recreation, deductions may be reduced or denied.

To help taxpayers understand their risk level, the ATO has introduced three compliance zones:

🟢 Green Zone – Low Risk
You’re actively renting the property, especially during peak periods, charging market rates, responding to enquiries, and limiting personal use. These properties show clear commercial behaviour, and the ATO is unlikely to review them beyond basic checks.

🟡 Amber Zone – Medium Risk
There is some rental activity, but personal use is increasing, peak periods may be blocked out, or the property isn’t being marketed effectively. These cases may attract ATO attention and require stronger evidence of commercial intent.

🔴 Red Zone – High Risk
The property is rarely rented, heavily used by the owner, or restricted in ways that discourage guests. These arrangements are likely to trigger ATO review, and deductions may be denied.

The ATO will consider the entire pattern of use, not just the number of days rented. Advertising behaviour, pricing, responsiveness, and availability all matter.

If you’re unsure where your property sits — or whether your deductions are at risk — our team can help you review your usage, strengthen your documentation, and ensure you remain compliant.

https://ow.ly/b4u650Z507o

01/06/2026

Don’t miss your tax obligations due date!

Whether you need help with your taxation and accounting, bookkeeping, SMSF Administration, or if you’d like to know if you can save more on tax, don’t hesitate to reach out to [email protected] or call 07 3160 7386.

29/05/2026

Minimum 30% Tax on Discretionary Trusts

📘 A major structural change is coming for family groups and small businesses that operate through discretionary trusts — and it’s one of the most significant tax reforms in this year’s Budget.

From 1 July 2028, a new minimum 30% tax will apply to most income distributed from discretionary trusts. This measure is designed to reduce income‑splitting opportunities and ensure a more consistent tax outcome across taxpayers. For many families and business owners, this will change how trust distributions are planned, documented, and taxed each year.

Under the new rules, any distribution from a discretionary trust will be subject to a minimum tax rate of 30%, regardless of the beneficiary’s personal marginal tax rate. If a beneficiary’s actual tax rate is higher, they will still pay the difference. If their rate is lower, the 30% minimum will apply.

The Government has included some important exclusions, meaning not all trusts are caught. The minimum tax will not apply to:
• Special disability trusts
• Deceased estates
• Fixed trusts
• Charitable trusts
• Certain unit trusts and widely held trusts

There will also be rollover relief available for small businesses that wish to restructure into a different entity type — such as a company — to avoid the minimum tax. This is particularly relevant for family‑owned businesses that rely on discretionary trusts for flexibility, asset protection, or succession planning.

For many clients, the biggest impact will be on annual tax planning. The ability to distribute income to adult children, low‑income family members, or entities with lower tax rates will be significantly reduced. This may increase the overall tax payable for some family groups and change the way profits are extracted from operating businesses.

It’s also important to consider how the new rules interact with other reforms, including changes to CGT, negative gearing, and PAYG instalments. Trusts often sit at the centre of a broader structure, so a change in one area can have flow‑on effects elsewhere.

With the start date still ahead, there is time to plan — but early preparation will be essential. Reviewing your structure, modelling the impact, and considering whether a restructure is appropriate can help ensure you’re positioned for the new regime.

If you’d like support assessing how the minimum tax may affect your trust or business, our team is here to guide you through the options with clarity and confidence. Noting that legislation has not been finalised and no changes should be made until we are certain of the new rules.

https://ow.ly/wRoc50Z44T3

28/05/2026

Reforming Negative Gearing for Residential Property

🏠 A major shift is coming for property investors — and it will change how residential rental losses can be used from 1 July 2027.

The Government has announced significant reforms to negative gearing, aimed at improving housing affordability and encouraging investment in new housing supply. Under the new rules, losses from established residential properties will no longer be deductible against your salary, business income, or other non‑property income. Instead, these losses can only be applied against:

• Residential rental income, or
• Capital gains from residential property.

This means investors who currently rely on negative gearing to reduce their taxable income may see a noticeable change in their annual tax position. The reform is designed to shift investment behaviour away from established housing and toward new builds, where the Government wants to stimulate supply.

Importantly, the rules are different for new residential properties. For newly built homes, investors will continue to access full negative gearing, allowing losses to offset other income as they do today. This distinction is expected to influence future investment decisions, financing arrangements, and development activity.

The changes will apply on a prospective basis, meaning existing investments are not grandfathered. If you own an established rental property that continues to generate a loss after 1 July 2027, that loss will be quarantined to residential property income only. However, if your property becomes positively geared in the future, those quarantined losses can still be used — just within the property category.

For investors considering renovations, upgrades, or redevelopment, it’s important to note that the definition of “new” is tied to construction, not cosmetic improvements. The Government’s intention is clear: direct capital toward increasing housing stock, not recycling existing dwellings.

These reforms will have different impacts depending on your portfolio structure, gearing levels, and long‑term strategy. Some investors may experience higher annual tax bills, while others may find opportunities in new developments or build‑to‑rent projects.

If you’re unsure how these changes may affect your investment plans, cash flow, or tax outcomes, now is the ideal time to review your position. Our team can help you model the impact, explore restructuring options, and plan confidently for the years ahead.

https://ow.ly/RytH50Z44NR

27/05/2026

Foreign Resident CGT Concession for Renewables

🌱 Australia is sharpening its focus on clean‑energy investment — and this Budget introduces a targeted tax incentive designed to attract global capital into the renewable sector.

From now until 30 June 2030, foreign residents investing in eligible renewable energy infrastructure will have access to a Capital Gains Tax concession. This measure is part of the Government’s broader strategy to accelerate Australia’s transition to a low‑emissions economy, while ensuring major projects receive the funding and expertise needed to scale efficiently.

Under the new rules, foreign investors who dispose of qualifying renewable energy assets may receive a partial or full CGT exemption, depending on the nature of the project and the structure of the investment. This is a significant shift, as foreign residents are generally subject to CGT only on taxable Australian property — and this concession effectively broadens the appeal of Australian renewable projects on the global stage.

The concession is expected to support investment in assets such as:
• Solar farms
• Wind farms
• Battery storage facilities
• Renewable‑focused transmission infrastructure
• Other clean‑energy generation assets

For Australian businesses and developers, this may open the door to new funding partnerships, joint ventures, and international collaboration. Increased foreign participation can help accelerate project timelines, reduce financing pressure, and support innovation in emerging technologies.

For foreign investors, the concession provides greater certainty and a more competitive tax environment — particularly when compared with other jurisdictions also competing for renewable capital.

While the measure is targeted, it does come with eligibility criteria and compliance requirements. Project classification, asset type, and investment structure will all influence whether the concession applies. Businesses considering foreign investment or partnership arrangements should review their project pipeline and assess whether upcoming developments may qualify.

https://xperion.com.au/navigating-reform-a-deep-dive-into-the-2026-27-federal-budget/

26/05/2026

Fundamental Reforms to the CGT Regime

✨ A major shift in Australia’s tax landscape is coming — and it will reshape how individuals, families, and investors plan for the future.

The Federal Budget has announced one of the most significant changes to Capital Gains Tax in decades. From 1 July 2027, the long‑standing 50% CGT discount will be replaced with cost‑base indexation for assets held longer than 12 months. Alongside this, a minimum 30% tax on net capital gains will apply to most taxpayers.

This reform affects individuals, trusts, and partnerships, and importantly, it applies to all assets, including those originally acquired before CGT even existed. However, the Government has built in transitional rules to protect gains that have already accrued. Any capital gains that arise before 1 July 2027 will continue to receive the current 50% discount, and pre‑CGT assets will remain exempt for gains accrued up to that date.

For investors in new residential properties, there will be a choice:
• Continue using the 50% CGT discount, or
• Move to the new indexation method with the 30% minimum tax.

This flexibility may influence how new developments are structured and financed.

Some groups will be protected from the minimum tax entirely — including income support recipients such as Age Pensioners. And if you’re planning to sell an asset before the new rules commence, the current CGT rules will still apply.

These changes will have wide‑ranging implications for property owners, long‑term investors, family groups, and anyone considering restructuring their affairs. With the transition date still ahead, now is the ideal time to review your investment strategy, understand how the new rules may affect you, and plan proactively.

If you’d like tailored guidance on how these reforms may impact your situation, our team is here to help you navigate the changes with confidence.

https://ow.ly/u1v750Z44Lq

18/05/2026

Not All Work‑Related Costs Are Deductible — Even If They Help You Get the Job

A recent Administrative Review Tribunal (ART) decision is a timely reminder that expenses incurred to obtain or regain employment are generally not tax‑deductible.

✈️ The case: A pilot trying to return to work
A commercial pilot was required by the Civil Aviation Safety Authority to complete certain medical steps before he could regain the medical certificates needed to work again.
He incurred these medical expenses between July 2021 and May 2022 and claimed them as deductions in his 2022 tax return.

The ATO disallowed the claim — and the ART agreed.

🧾 Why the deductions were denied

The Tribunal found that the expenses:

Were incurred to put the taxpayer in a position to earn income, not in the actual course of earning it

Were therefore incurred “too soon”, even though some costs were paid after he resumed employment

Simply helped him qualify for the job, rather than being part of performing the job

In the ART’s words, the medical costs “merely put him in a position to undertake employment as a pilot”.

📌 Key takeaway for taxpayers

There’s an important distinction in tax law:

👉 Expenses to maintain or perform your current job may be deductible.
👉 Expenses to obtain, regain, or qualify for a job are not.

This includes things like:

Medical tests required before starting a role

Licences or certifications needed to enter an occupation

Courses or training that help you get a new job or change careers

💬 Need clarity on what you can claim?
Work‑related deductions can be tricky, and the ATO is increasingly focused on substantiation and eligibility. If you’re unsure whether an expense is deductible, we’re here to help you get it right and avoid surprises at tax time.

https://ow.ly/C7aG50YMmlq

Address

Suite 19, 13 Princeton Street
Kenmore, QLD
4069

Opening Hours

Monday	9am - 4:30pm
Tuesday	9am - 4:30pm
Wednesday	9am - 4:30pm
Thursday	9am - 4:30pm
Friday	9am - 4:30pm

Website

https://xperion.com.au/

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