Cancelling shares and landholder duty
When a couple in business together separates, things get messy and tax stings can fly under the radar in the ensuing familial chaos.Snapshot When an…
NSW duty and land tax surcharges to impact discretionary trusts
Trustee of a discretionary trust owning NSW residential property? What you need to do before 31 Dec to receive an exemption & refund for foreign surcharges.Snapshot…
High Court: June 2020
Reporting and analysis of the latest key judgments from the High Court of Australia. By DAVID KELSEY-SUGG.Key decisions MC v Director of Public Prosecutions (SA) [2020]…
Paradise Lost: Glencore loses High Court bid to extend legal professional privilege
Massive data breach leads the High Court to consider novel arguments on legal professional privilege in Glencore decision. By TALITHA FISHBURN.Snapshot In the recent case…
Strangely foreign: recent NSW duty and land tax surcharges
Determining whether a landowner is a ‘foreign person’ can be complicated, State duty and surcharge outcomes can be surprising. By KEN LORD.Snapshot Surcharge purchaser duty…
Death by crocodile: not necessarily tax-free
Death is not necessarily tax-free. Always consult with clients’ accountants and financial planners when making their will. By JIM MAIN.Snapshot Death is not necessarily tax-free….
Accountants and lawyers: friends or adversaries?
Every transaction involving a company has potential tax issues. Landholder duty remains an issue under the Duties Act 1997 (NSW). By JIM MAIN.Snapshot Solicitors and…
Marriage breakdown: why it pays to be on the ball about taxation
CGT exempt is different from income tax exempt and all not asset transfers are exempt on a marriage breakdown. By JIM MAIN.Snapshot Tax laws frequently…
Costly mistakes in using deceased estates exemptions from duty
Care needs to be taken when beneficiaries to an estate propose to enter into a deed of family arrangement to prevent duty being triggered unintentionally….
Options and hidden tax stings
What applies to GST does not necessarily apply to CGT. By JIM MAIN.Snapshot Options are always tricky. What applies to GST does not necessarily apply…
A peek into the workings of offshore tax havens
Incorporating through an offshore haven is straightforward and relatively expensive. By BEN SEWELL.Snapshot Incorporating through an offshore haven is straightforward and relatively inexpensive. There is…