Where a discretionary trust owns residential property and the deed for the discretionary trust does not specifically exclude foreign beneficiaries, the trust will automatically be classed as a foreign trust. If the deed for the discretionary trust that owns...

Tax stings lurk in all kinds of succession planning matters. The following scenarios illustrate the importance of lawyers and accountants working together in the best interests of their clients. The country lawyer Fred is a GP solicitor in a country town. He...

Your good client and friend Fergus rings and asks you to act for him on a sale. Fergus is a solo accountant and a bit of a wheeler and dealer. You do a fair bit of work for him. He says that he has a farm down south that has been doing pretty well but he has...

It is first thing on Tuesday morning when you receive a call from your client Lachlan who wants you to review an auction contract for a farm that has come up for sale next to his. The auction is scheduled for that afternoon so Lachlan, as he always does, has...

You act for Bill and Jo Smith on the sale of their 20 acre property in Bourke known as “Racecourse Road” which is well known in the town for breeding and selling race horses. It also holds local races every couple of months. Bill and Jo also own...