Keith & Nicole – binding death benefit nominations for blended families

Nov 1, 2017

Keith and Nicole are both divorced and have children from previous marriages. Nicole’s children, Connor and Isabella, come to live with Keith and Nicole after they get married. After a near miss during a special effects mishap for his latest film clip, Keith decides that he had better get his affairs in order. Keith has... View Article Read More

Subsidised business succession and estate planning advice for farmers

Nov 1, 2017

Careful estate planning is essential in securing the ongoing viability of primary production businesses from one generation to the next. In recognition of this, the NSW Rural Assistance Authority (RAA) is currently providing funding for farming families to receive retirement, succession and estate planning advice. The key details of the Farm Business Skills Professional Development... View Article Read More

Legislation passed regarding transfers of farm land

May 4, 2017

On 4 April 2017, legislation was passed to broaden the application of the exemption for transfers of farm land. The two key changes result in the exemption applying to transfers of primary production land in the following scenarios: 1. Where the transferor is a SMSF and the transferee is a family member of a SMSF... View Article Read More

2016-17 budget superannuation reforms

Nov 11, 2016

On 9 November 2016, the Government introduced legislation to implement its 2016-17 Budget superannuation reforms. The package of superannuation bills has been referred to the Senate Economics Legislation Committee for report by 14 February 2017. One of the bills proposes to reduce the annual non-concessional cap following the Government’s announcement that it would not proceed... View Article Read More

New withholding obligations for Australian real estate

Sep 30, 2016

The new Foreign Resident Capital Gains Withholding (FRCGW) regime commenced on 1 July 2016 and imposes withholding obligations on purchasers of certain assets which are classified as Taxable Australian Property (TAP). TAP includes direct interests in land, leases and mining rights and indirect interests in Australian real property such as shares in certain companies that... View Article Read More

Restructure opportunities without tax or stamp duty

Jun 22, 2016

The 2016-17 NSW Budget has confirmed the abolition of mortgage duty, marketable securities duty and non-real estate business assets from 1 July 2016 as planned. In combination with the new small business restructure roll-over (which will also apply from 1 July 2016), this presents an opportunity to review your business structure and consider whether an alternative... View Article Read More

Introducing our Specialist Tax and Estate Planning team

Feb 2, 2016

Our Specialist Tax and Estate Planning (STEP) team is led by Partner and Tax Counsel, Paul Williams who is a solicitor of the Supreme Court of New South Wales and a Chartered Tax Advisor with the Taxation Institute of Australia. Read More