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....

Don’t pay stamp duty if you don’t have to

Snap shot: Always follow testamentary options strictly in accordance with the will. Check for Revenue Rulings for guidance Megan, a long-term client and friend comes in to see you about her late sister’s estate. Megan tells you she has been given an option...