Recent audit and compliance action highlights how technical missteps in family trust structures can trigger severe and unexpected tax outcomes.
By Alex Whitney and Annika Lawrie - 3 min read
An illustration of the severe tax and duty risks that arise when wills purport to deal with assets held through companies and trusts.
By Amanda Tully - 1 min read
A simple conveyance unravels after a trust structure is missed, revealing how section 18(3) and Revenue Ruling DUT010v2 can trap unwary practitioners.
By Michaela Schmidt - 1 min read
CGT exempt doesn’t necessarily mean NSW duty exempt. By JIM MAIN.
By Jim Main - 3 min read
Knowing what to do if the Commissioner of Taxation forms a fraud or evasion opinion is no academic exercise. By LOUISE McBRIDE.
By Louise McBride - 2 min read
Freedom from stamp duty does not necessarily mean freedom from tax or GST. By JIM MAIN.
By Jim Main - 2 min read
Always be careful dealing with trusts. By JIM MAIN.
By Jim Main - 1 min read
The new foreign resident CGT withholding tax applies to sales contracts entered into on or after 1 July 2016. By DUNG LAM and ALEX WHITNEY.
By Dung Lam and Alex Whitney - 2 min read
There are significant CGT and duty concessions in administering estates. By JIM MAIN.
By Jim Main - 2 min read
Whenever you act on the purchase by a trust of any nature, always check the vesting date. By JIM MAIN.
By Jim Main - 2 min read
Despite time pressures, always be clear on the CGT consequences of a property settlement. By JIM MAIN.
By Jim Main - 2 min read
Remember that transfers to beneficiaries of a will under a power of sale or testamentary option are not CGT free. By JIM MAIN.
By Jim Main - 2 min read
The ATO is working on improving its internal systems in recognition of the important role legal practitioners play in assisting taxpayers in their dealings with…
By Tania Waterhouse - 1 min read