Tax Stings

Snapshot When an interest held in a private company/unit trust increases and the private/company unit trust owns the land, consider whether the land holder duty is payable Where the land holder duty...

Takeaway points Always be aware of the terms of Trust deeds. Always communicate with your client's accountant when property is sold Beware that problems that can arise at the end of the financial...

Snapshot: check the zoning details on the contract; if land is not zoned rural land there are additional ‘commercial’ tests to determine whether the dominant use is primary production; just because...

Snap Shot Complex tax rules apply to dealings with company shares. If a matter is not within your area of expertise seek specialist advice. You acted for the family when Celia’s parents, Tom and...

Snap shot: Take care when preparing change of trustee documents. Consider the landholder duty provisions whenever shares in a company or units in a unit trust are being transferred in landholding...

You act for Sally and Steven who live in regional NSW and run a successful tyre shop. You have met with them many times over the years for business related matters and each time remind them that...

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...

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...

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...