Busy Bees – Land Tax Exemptions

Snapshot: check the zoning details on the contract; if land is not zoned rural land there are additional ‘commercial’ tests to determine whether the dominant use is primary production; just because the previous owner had a land tax exemption doesn’t mean you...

Family succession traps

Snap Shot Complex tax rules apply to dealings with company shares. If a matter is not within your area of expertise seek specialist advice. You acted for the family when Celia’s parents, Tom and Mary, brought her into the family business by making her a...

Changing Trustees and Landholder Duty Pain

Snap shot: Take care when preparing change of trustee documents. Consider the landholder duty provisions whenever shares in a company or units in a unit trust are being transferred in landholding entities. You are sitting in your office tucking into a quick...