A Broken Marriage and a Hefty Tax Bill

You’ve been acting for your sister Ana in relation to the breakdown of her marriage to Chris. Ana has been cheating on Chris pretty much since they were married.  You suspect Chris knew about it deep down, everyone else did, but pretended he didn’t to keep...

Marriage Breakdown Problems

This article was published in this month’s edition of the Law Society Journal of NSW. You are acting for Jeremy in relation to the breakdown of his marriage with Chloe. Jeremy tells you that he and Chloe have reached a property agreement with the...

Not a Good Option

You’ve acted for an old friend Shirley for a very long time. You are aware that she has two sons, Bob and Barry and a daughter Billy whom you have never met or know much about. Bob had a horse riding accident some years ago and acquired a severe back injury...

Beware of Isolated Transactions

Your ex-partner, Antonio, contacts you late Wednesday afternoon asking you to act for him in relation to selling a shop down the main street of the small coastal town you live in. You are thrilled to receive the call. You parted on reasonably good terms but...

Options and Hidden Tax Stings

Snapshot Options are always tricky. What applies to GST does not necessarily apply to CGT. Assumptions can be very dangerous. Options and hidden tax stings  Tony comes to see you about a ‘too good to refuse’ offer he has received from a developer...

Succession planning and hidden tax stings

You knew it was professionally unwise, but you just couldn’t say no to your old mate Peter when he asked you to help fix up his family succession plan. You tried to explain, but when he said “Maaate, come on, school mates and footie mates and you can’t...