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.
A few judges and populist politicians have recently made some snarly comments about lawyers and ‘greedy’ people who are challenging Wills. Apparently, as a profession, we are getting a bit of ahead of ourselves in bringing too many of these cases to court. Read this article to get informed about the debate.
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.
In South Australia it is possible to transfer a property from a family trust to a beneficiary without stamp duty. Find out how.
If you’re thinking of selling your business, we bet there are 2 key outcomes you are looking for:
1. Getting the highest purchase price possible; and
2. Being able to make a clean break from the business, so you can think about something else (and maybe even relax or take a holiday).
These outcomes are both realistic and achievable, but it will take some planning before you put the business up for sale.
Take back your privacy (or at least some bits of it…) with these easy to use utilities.
Before investing in a crypto-coin of any variety – you must ask yourself at least these two questions.
We are not advocates of higher taxes. But, we are advocates of honest tax policy. So read ‘company tax cut’ as essentially a reduction in Australian tax on foreign investment. Full stop.
Like any business, hotels have several moving ‘parts’ that need to work together so that the machine runs smoothly. If you are thinking of buying a hotel or similar hospitality business, make sure you are familiar with these unique features before you sign on the dotted line.
A key benefit of having your super in a SMSF is that you can choose who ultimately benefits from particular assets within your fund when you die.