Other Articles
Brewing Trouble
Jane and James have been clients of yours for the last ten years. You enjoy working with them because they seem quite an adventurous couple, so you are thrilled when James calls you to say he would like to meet up with you to discuss his new business idea. James tells...
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 help? Come...
Take care when amending the vesting date of a pre 84 deed
You’ve just come back to work after being on medical leave and are excited to receive a call from a longstanding client, Molly, who wants you to act for her regarding a purchase of an investment property for $3 million. Molly tells you the purchaser will be Edlly Pty...
Super fund property sale anguish
This article was published in this month's edition of the Law Society Journal of NSW. Your clients Betty and Bruce recently called to say that their self managed superannuation fund was selling a residential property and to request that you prepare a contract for...
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 assistance of a...
GST free supply of farmland
Your brother Harry and his wife Zoe contact you about arranging a contract for the sale of a 15 acre block. The block is part of their larger rural property on which they conduct a farming business. It is on a separate title and close to town. A good friend of theirs...
GST stings
This article was published in this month's edition of the Law Society Journal of NSW. In the course of your busy conveyancing practice you come across many different situations. You are only too well aware of the importance of taking GST into account. But some...
Simplifying deeds in the pension phase with your SMSF clients
For members in the pension phase of an SMSF, a lengthy and complex deed is not always necessary. Short, targeted deeds can also achieve the desired estate planning outcomes with just as much certainty. There has been a lot of discussion regarding the effectiveness of...
Not all farmland is GST free
Land values have taken off in your local area and clients of yours are considering selling part of their property to help fund their retirement and repay debt. Your clients owned the land before Capital Gains Tax was introduced so you know the significant capital gain...
Reasonable care
Beware of signs when skiing and ensure you are satisfied as to where it is safe to ski whether it is on water or at the snow this winter! In Wyong vs. Shirt (1980) a landmark High Court negligence case, Mr Shirt was an inexperienced water skier and looked for deep...