Forcing a sale of property in NSW
It’s relatively easy to get into property ownership with someone. But it can be considerably harder to get out. Particularly if you don’t have a co-ownership agreement in place. Find out what court remedies may be available to you NSW if you find yourself stuck in a property.
Transferring an asset from a super fund to a member – no stamp duty in SA
In South Australia stamp duty is not payable on a transfer of real property from a trustee of a trust to a person who already has a defined beneficial interest in the property. For example, a transfer of property from the trustee of a unit trust to the unit holder. But there are a couple of tricks you need to be aware of.
What is the superannuation transfer balance cap and why should you care?
Everyone gets a $1.6 million cap on the assets that can support a tax-free super pension. You and your spouse each get a separate cap. But super pensions that pass to you from your spouse when they die may put you over your cap. This will have adverse tax outcomes. You need to plan for this as part of your estate planning.
Distributing assets from a family trust to a beneficiary – no stamp duty in SA
In South Australia it is possible to transfer a property from a family trust to a beneficiary without stamp duty. Find out how.
What is an unpaid present entitlement or ‘UPE’?
If you have a discretionary family trust, then chances are your accountant has mentioned ‘unpaid present entitlements’ or ‘UPEs’. No doubt you have just nodded wisely, but deep down, do you really know what this means?
Are you about to pay off your SMSF ‘limited recourse borrowing’ loan?
If you are about to pay off your limited recourse borrowing loan (or have recently done so), you are probably wondering what to do next. You might want to simplify your super fund investments and wind up the custodian trust. Or you might be planning your next property purchase. In this article, we answer the […]
Why do all doctors have a trust?
Doctors earn their money by ‘doing things’. Performing surgery, diagnosing an illness. This is great from a ‘personal fulfilment’ perspective, but not so great from a ‘personal tax’ perspective.
Are trusts a ‘tax loophole’ exploited by the wealthy?
People who say this are just demonstrating their ignorance. Here’s why. The ability to use a trust as a ‘tax loophole’ was pretty much closed out in the 1970-80s. To suggest that trusts somehow make tax disappear for the ‘wealthy’ is plain silly.
Is it worth transferring your home to your spouse?
Is it worth transferring your home to your spouse before going into business?
Telecommunications Leases – are you getting a raw deal?
Have you been approached by a telecommunications carrier that is interested in putting a tower or other structure on your land? How do you know if the deal you are being offered is fair?