A “Tail” of Woe….

As you drive to work after what had been an unusually stress-free morning getting the kids out the door, your phone starts to ring.  You see it is your client Fabio but you can’t really answer with your rowdy kids in the car so ignore it.  But it rings...

Don’t Always Run With The Sheep

Barry and Judith have owned a large rural property since 1993. They come to you to discuss selling a 22 acre block on which they live. The block is part of their larger rural property of 1,000 acres on which they conduct a farming business, which is situated...

The devil is in the dating

Land tax and foreign beneficiaries It’s getting on for Christmas and you’ve had a hell of a rush – people seem to think the world will come to the end on Christmas Eve. A month or so ago Mary asked you to set up a discretionary trust to purchase a...

Double Trouble: Companies and double tax stings

Snapshot: Acquiring assets through a company may attract various tax implications. Always advise the client to talk to an accountant before buying property in the name of a company. Your farmer client Fred comes see you. He’s had a couple of very successful...

The danger in changing trustees

Will and Kate are an elderly couple you have been working with for only a little over 12 months. You have done four jobs for them already, and so thrilled when Will calls you again in the space of 2 weeks to say he wanted to discuss his new business idea....