capital gains tax

family law sting

published: november 2011

You are acting for Peter in family law proceedings and have successfully negotiated an agreement in relation to property matters with the solicitor for his wife Rachel. There is a lot of property involved and negotiates have become acrimonious. Nethertheless, you have reached the stage where everything is agreed and the terms of settlement have been drafted by which each side consents to the proposed orders by the Family Court....read more

testamentary gifts to charities

published: may 2011

It is now almost three months since old Fred died. Fred was one of those colourful characters whose death makes the world seem a smaller place. His wife died some years ago. Fred enjoyed life. He had a keen interest in racing. He owned some race horses himself and enjoyed the busy social life that went with it. He was also a successful investor and left a substantial share portfolio at his death....read more

costs of succession

published: february 2011 ...» contact us for further information

tax law changes all the time

published: october 2010 ...» contact us for further information

testamentary options:beware

published: april 2010 ...» contact us for further information

stamp duty

a single layered exemption

published: august 2011...» read more

super fund duty    

published: september 2010...» contact us for further information

tax

business real property

published: october 2011

Tom and Sue come to see you about purchasing the house next door.   Sue runs a successful promotions business from her home office.  With recent growth in the business and the need to take on new staff she has outgrown her space.....» read more

GST spoils a super transfer

published: september 2011

You receive a letter and your client's financial planner instructing you that your clients are selling a 30 per cent interest in their commercial investment property to their self managed superannuation fund for its market value of $300,000....» read more

family discretionary trusts and land tax

published: july 2011

In the middle of a busy afternoon your client Tom calls in to see you to discuss a matter. He tells you he has a block of land on the coast worth about $1.5 million with an old shack on it.  He tells you he plans to demolish it and build a really nice holiday home for the family...» read more

transferring company assets

published: june 2011

Baxter, Gigi and their accountant come to see you about transferring ownership of their farmland to their children. Their family company owns two farms, " West Block" and "East Block". Baxter and Gigi are both company directors; however, Gigi is the only shareholder. The inherited her shares from her father when he died some time ago...» read more

intentions irrelevant

published: april 2011

David and Daisy are physiotherapist clients of yours. They come to see you about buying a house and converting it to a new physiotherapy and gymnasium complex.  The agreed purchase price is $800,000.  You discuss how soon the development will commence, though David and Daisy are not sure, they indicate that they would like to start sooner rather than later.....» read more

ABN? what ABN?

published: march 2011

You are acting for Annabelle Smith on the purchase of a commercial building for $1 million, subject to existing tenancies. The contract states that the sale is not a taxable supply because the vendor is neither registered nor required to be registered for GST....» read more

look out for farmers

published: august 2010...» contact us for further information

costly company guarantee

published: july 2010...» contact us for further information

business real property

published: may 2010....» contact us for further information

trusts

another trustee issue for self-mananged super funds

published: december 2010

You have just settled a sale of business transaction for Mac and Maddy and their accountant writes to you telling you that a large portion of the sale proceeds will be going into their self-managed superannuation fund (“SMSF”).  ...» read more

refinancing blues

published: november 2010

Annabelle and George have substantial assets in their names and conduct their business through a family discretionary trust, the Annageorge Family Trust, of which they are trustees. The trust also owns the business premises. There is a mortgage securing debts of $1 million to their bank...» read more

trusts in contracts

published: june 2010...» contact us for further information

cost of losing a trust deed

published: march 2010... » contact us for further information