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....