Not all perils are in the river
After a death, murky issues – like life insurance, residency and capital gains tax – can reveal themselves in surprising and costly ways.
By Jim Main - 1 min read
Cancelling shares and landholder duty
When a couple in business together separates, things get messy and tax stings can fly under the radar in the ensuing familial chaos.
By Amanda Tully - 2 min read
NCAT affirms application of transfer duty to variation of trust deed
A recent NCAT decision applies the new ‘beneficial ownership’ provisions in the context of discretionary trust variation.
By Mira Brewster - 2 min read
30 June blues
Picture this: your client wants to gift their capital gains but they’re dragging their feet and end of financial year is approaching…
By Jim Main and Michaela Schmidt - 1 min read
Busy bees
Beekeeping can sting you in ways you don’t expect. This case study shows the hidden tax pitfalls of diving into your retirement hobby farm.
By Michaela Schmidt - 1 min read
Practical tips on claiming NSW Primary Production Duty Exemption
Showing Revenue NSW you are eligible for the PPE can be tricky. Find out what you will need to be successful first time.
By Dung Lam and Annika Lawrie - 1 min read
The not-so-ordinary meaning of ‘ordinarily resident’
Jen McMillan unpacks the Court’s narrow interpretation of ‘ordinarily resident’ and provides valuable practice notes and updates on residential land purchasing.
By Jen McMillan - 2 min read
Changing trustees and landholder duty pain
Consider the landholder duty provisions whenever shares in a company or units in a unit trust are being transferred in landholding entities.
By Amanda Tully - 1 min read
Family succession traps
There are complex tax rules when dealing with company shares. Practitioners should be aware of the relevant legislation and if unsure, seek specialist advice.
By Jim Main - 2 min read
Happy 40th! Not quite the surprise you were hoping for
Stamp duty on shares was abolished some time ago, but don’t forget about landholder duty.
By Michaela Schmidt - 1 min read
Dealing with deceased estates: Gifts and tax implications
When dealing with deceased estates, practitioners should be mindful of capital gains tax implications when dealing with gifts.
By Jim Main - 2 min read