Is there any CGT or stamp duty when a joint tenant transfers their interest to the other joint tenant?
Is there any CGT or stamp duty when a joint tenant transfers their interest to the other joint tenant?
Do you need to pay stamp duty on a trust deed in New South Wales (NSW)?
Yes. Duty of $500 is payable on the deed that establishes a family discretionary trust (and other forms of trusts).
Do you need to stamp a trust deed in South Australia (SA)?
No. It is no longer necessary to stamp a trust deed in South Australia.
Is your executor automatically appointed as your replacement trustee/director for your SMSF?
The short answer is, no. There is no law or regulation that has that effect. It may be that the terms of your super fund deed provide for this to occur. However, most super fund deeds that we have come across do not. See Ioppolo v Conti WASC 389 and Wooster v Morris...
Can you distribute property from a company in liquidation to a shareholder stamp duty free? (in SA)
In South Australia you can transfer a property from a company to the shareholders of the company without paying stamp duty. The exemption is found is section 71(5)(a) of the Stamp Duties Act 1923 (SA). It does not matter who the shareholders are. For example, the...
Testimonial: “Our expectations were high and in fact, Andrew exceeded them.”
We recently invited Andrew to present to our staff on investment, superannuation and business structures. Our expectations were high and in fact, Andrew exceeded them..