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.Snapshot In the wake of the PwC controversy, recent…
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…Snapshot Always be aware…
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.Snapshot The primary…
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.Snapshot The meaning of ‘ordinarily…
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.Snapshot Take care when…
GST considerations: Don’t always run with the sheep
Solicitors should be aware when ‘GST free supply of farmland’ is applicable and whether the purchaser intends to ‘carry on a business’.Snapshot Solicitors acting in…
The limited retainer – carving out property taxes
The importance of limiting retainers for property conveyances.Snapshot Recent authorities confirming that solicitors’ duties do not extend to giving advice beyond the retainer provide a…
Purchaser surcharge duty: risk management tips for solicitors
With Revenue NSW audits on the rise, we set out the extra precautions you should consider when acting for ‘foreign persons’ in real property transactions.Snapshot…
GoFundMe: The gift that keeps on giving?
A closer look at the complex legal issues raised by crowdfunding platforms such as GoFundMe.Snapshot Billions of dollars are raised in crowdfunding campaigns around the…