Jack and Jill went up the hill
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
Stamp duty exemptions: hidden tax stings
Freedom from stamp duty does not necessarily mean freedom from tax or GST. By JIM MAIN.
By Jim Main - 2 min read
Trusts and hidden tax stings
Always be careful dealing with trusts. By JIM MAIN.
By Jim Main - 1 min read
Practical aspects of the new foreign resident CGT witholding tax
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
When a delayed estate means tax stings await
There are significant CGT and duty concessions in administering estates. By JIM MAIN.
By Jim Main - 2 min read
Dangerous trusts and hidden tax stings
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
Property settlements and hidden tax stings
Despite time pressures, always be clear on the CGT consequences of a property settlement. By JIM MAIN.
By Jim Main - 2 min read
Will making and hidden tax stings
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
Fear not the ATO: handy tips for lawyers
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
The pain of company guarantees: beware hidden tax stings
A third-party loan guaranteed by a private company can be deemed an unfranked dividend to the borrower under division 7A of the Income Tax Assessment Act…
By Jim Main - 2 min read
One business deal, multiple contracts: GST and stamp duty stings await
Whenever there are two or more contracts covering what is essentially one business deal, be aware that section 25 of the Duties Act 1997 (NSW) may apply….
By Jim Main - 2 min read