image of calendar and hourglass to show the delays in the coronial system

The devil is in the dating: A collection of cautionary tales

Dates are tricky and it’s important for practitioners to be aware of cut-off dates. If in doubt, discuss the issue with the accountant.

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CGT considerations: When a beneficiary exercises an option under the will

Where a will contains an option, practitioners should be aware of possible capital gains tax implications and advise their clients accordingly.

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Double trouble: Companies and double tax stings

Acquiring property under a company name may attract tax implications and it is prudent to advise clients to seek advice from an accountant first.

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The danger in changing trustees

Be very careful in preparing a deed to remove or appoint an additional trustee.

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Man signs a contract on a desk, next to scale models of houses

Awakening the sleeping giant: FIRB obligations and testamentary gifts to foreign beneficiaries

Changes to the Foreign Investment Review regime have important implications for testamentary gifts to foreign persons and the administration of deceased estates.

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Landholding discretionary trusts and the potential avalanche of stings

Beware of trusts and hidden tax stings.

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Don’t pay stamp duty if you don’t have to

Always follow testamentary options strictly in accordance with the will.

By and - 4 min read

Don’t get caught unaware – Murky trust traps

Can you trust a trust? Not always – there are many murky traps to catch the unaware.

By - 4 min read
Solicitor reviews a document with an older couple

Deceased estate transfers: risks and tips for navigating a transfer duty minefield

An oversight when transferring dutiable property from a deceased estate can leave a beneficiary exposed to a significant duties notice.

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Tax traps – beware the Division 7A snake pit

Division 7A of the Income Tax Assessment Act 1936 is a poisonous well of hissing snakes for general practitioners, writes JIM MAIN.

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