Tax Stings
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...
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....
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...
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...
Tax exemptions: hidden duty stings
This article was published in this month's edition of the Law Society Journal of NSW. George and Genevieve’s accountant has made an appointment for them see you mainly in relation to their daughter...
When is a foreigner not a foreigner?
You have been acting for the Smith family for the past 10 years and have recommended several times that they put a succession plan into place in relation to their farming enterprise as Bob and Nancy...
Stamp duty exemptions
This article was published in this month's edition of the Law Society Journal of NSW. In 1990 David and Debbie inherited two commercial investment properties from their parents as tenants in common...
Shares and non-residents
Mary and Mark were both heavily involved in the share market and over the years generated a large share portfolio and bought several investment properties. They have come to you for legal advice...
Trusts and hidden tax stings
This article was published in this month's edition of the Law Society Journal of NSW. Many years ago Paul and Polly used a small inheritance to purchase their first pub. It was a lot of hard work...
When a delayed estate means tax stings await
You acted for Barry and Betty when they applied for probate of the will of their late mother Bertha. Barry is an investment banker and Betty a barrister - both with young children and both very...