Case Study:
Reducing Tax Liability For High Net Worth Individual

Client Problem

A high net worth individual client was paying high tax rates. He approached Gotsis Accounting to consider his circumstances and advise him on to how to reduce his tax liability. The client was not very keen to acquire shares as he felt that he would have no control over his investment in this area. He wanted to start building up his assets but in such a way that he remained in control of his investments.

Tax Effective Recommendations

Following a detailed review of our client’s circumstances, his goals and aspirations, the client decided to buy a block of land on which he could build an investment property. His builder advised him that it may take two to three years for the property to become income-producing.

Real Tax Benefits

The interest, however, would be tax deductible to him from the time he took out the loan to buy the land, even though he did not receive any income from the property for some years. He was then able to reduce his tax liability, substantially, by deducting the loss on the property from his employment and other income.

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“I have found Gotsis Accounting to be outstanding! They are responsive, professional and have demonstrated on many occasions their deep knowledge about accounting and tax matters. Mr Gotsis listens to our needs, is accessible and has provided invaluable advice that has greatly helped our business. Gotsis Accounting looks after all of our personal and business accounts and provides financial and tax advice. They offer timely information and meet all deadlines. I am extremely happy with their service”


“I would like to recommend Dimitri and the team at Gotsis Accounting. They have provided me with extensive and timely advice on setting up and managing my SMSF as well as my personal taxation matters. As an executive, I am on the road a lot and often only get to think about things and send an Gotsis Accounting Website email after hours. I always find they are responsive, knowledgeable and professional. Their advice is well written and structured, and so I don't have to go back and ask further questions. I would recommend them to assist with taxation and SMSF issues based on my several years of experience now working with them”

Leanne, VP/GM Client Management

“They're flexible and accommodating, and it has to be above board. I've never reached out for them. Everything is always done on time”

Therese Metlege

“After one meeting I knew I was going to choose Gotsis. They made it so simple for me”

Paul Carey

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