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.
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...
What is a ‘bucket company’ and when do you need one?
The concept of a ‘bucket company’ is used to describe a company into which distributions from a discretionary trust are made to cap the tax rate on the trust’s income to the flat company rate of 30%.
I was in an extremely vulnerable position financially, and at risk of a forced liquidation by the ATO.
The outcome that they achieved for me was outstanding, and represented real value for the cost of their services.
ATO discrimination – plain and simple
Will all business owners be required to return profits from their businesses as personal services income if they are involved in the business? Will they be required to earn a ‘market wage” (whatever that is)?