Present pain and future property

You do a lot of work with Samantha, a local accountant, so are not surprised when she calls to say she has a group of clients who are pooling their resources to buy a country property called ”Last Retreat” located not so far from the town in which you live...

Family law tax peril

You’ve been out of university for a few years working in a business law firm that also does a bit of family law now and then. Because of your interest in family law, you’ve had quite a bit to do with it in those few years and love the challenge of helping...

Market value and GST

It’s 6pm and everyone is tired and emotional after a heated and acrimonious mediation between brothers Patrick and George. They’re arguing over a price for George’s shares in the family company that owns the old family farm in which Patrick, your client,...

Risky risks management

Risky Risk Management Greg and Chloe come to see you about reorganising their business affairs. Chloe is about to become the director of a private equity company and is concerned about her personal liability. Various issues are discussed and various...

Tax ruling on family companies and family law

A very important draft taxation ruling issued last week. Up to now, the ATO has been acknowledging that a payment by a family company to a family member under a Family Court order is tax free. If the draft ruling becomes final that will no longer be the...

Risks of company guarantees

Farming clients Charlotte and George have had a terrible year with persistent rain during the harvest period resulting in a complete crop failure. Because of the crop failure, they were unable to meet their latest interest payment to the bank. Charlotte and...

Present pain and future property

Family law tax peril

Market value and GST

Risky risks management

Tax ruling on family companies and family law

Risks of company guarantees

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