We demystify tax objections, disputes and tax problems. Our experienced and accredited tax lawyer assists accountants and clients with perceptive tax advice and savvy legal documents....
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Clip Royalty Free Stock Country Passport Stamps Clipart – Australia @seekpng.com Laws reflect perspective. When the imposition of laws, especially taxes, turns on whether the taxpayer is a local (resident) or foreign (non-resident) then laws will be designed with elusion in mind so someone cannot elude being treated as: local if the burden and focus […]
Last month’s piece Lost SMSF trust deed replacement deeds – are they a scam? is my exposé of SMSF (self managed superannuation fund) trust deed variation techniques revealed as dodgy in the light of high Australian legal authority there set out. So my exposé can be better appreciated and understood: this month I turn to […]
The writer has been reading about opportunity to replace lost trust deeds with a replacement deed from professional suppliers of replacement trust deeds, in SMSF Adviser and in other places. The writer is unconvinced that these replacement deeds are going to be legally effective particularly in relation to trust deeds to which the law in […]
I was recently asked why a trust deed for a family discretionary trust (FDT) contained this somewhat unusual means of qualifying as a discretionary beneficiary (DB) of the FDT: any person who makes a donation of (some minimum amount) to … As the questioner rightly observed, this mechanism readily allows someone outside of a family […]
https://www.seekpng.com/png/detail/47-478269_bigstock-hand-with-a-car-key-rent-a.png Business assets of GST registered entities, including business assets of a business carried on in a trust, attract significant tax concessions and advantages including: income tax deductibility – generally either in the income year when they cost money: notably on purchase, or across their effective life in the case of depreciation; andgoods and services […]
Anecdotally one hears that many partners of business partnerships, especially husband and wife partnerships, don’t bother with a deed or agreement to record their partnership. These partnerships run some risk that the Commissioner of Taxation won’t accept that a partnership exists and then the onus of proof will be on the “partners” to show that […]
