Offshore bank accounts: the line between the law and the shadow economy
The ownership of offshore bank accounts is lawful, but there are circumstances in which their misuse results in a serious crime. It is often not…
Stung by the (lack of) evidence
Old trust, missing records, big tax risk—how an old house can trigger a modern-day headache for estate planners. By MICHAELA SCHMIDT
A pricey change of trustees
Section 54 of the Duties Act 1997 can trip any tax lawyer up and can lead to a number of different tax stings for your…
Stamp of approval
Section 274 of the Duties Act 1997 can be unwieldy when trusts, companies and super funds complicate the way it applies.
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.
Important reforms regarding tax practitioners and promoter penalties
Recent tax reforms drastically increase penalties and broadens the scope of what is considered promoting tax exploitation.
The Pepsi case: did the Federal Court bottle it?
In its first application of nascent tax laws, the Court considers what constitutes a contractual right and the new diverted profits tax.
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.
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…
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.
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.