Do you have the same rights as people who are married? For example, to share in your partner's estate, challenge their Will, get damages for wrongful death, claim super benefits, etc? The short answer is, yes, but…
We previously talked about how the recent SA land tax changes have significant impacts on trusts (particularly discretionary trusts) that own land (see that here). Those changes mean that trusts will see a substantial increase in their land tax bill from 1 July 2020 unless they nominate one of the trust’s beneficiaries to be [...]
You may have recently received a letter from RevenueSA asking you to take action in relation to your trust by 3 June 2020. This is because the SA Government has recently made changes to its land tax law. Find out about your options.
How does an older farmer exit farming, fund their retirement and keep the family happy? The average age of a farmer in Australia is 56 years old. If you haven’t yet thought about your retirement and succession plan, now is the time. Handing over control of the farm in exchange for an annual income? [...]
Are you a barrister trying to access rent relief during this COVID-19 period. Not so easy with a service trust? We have some views that may be helpful.
If you own or lease a farm, you have a valuable asset that you need to protect. The key document to make this happen is a well drafted 'farm lease'.
Avoid Additional Stamp Duty in Victoria – Exclude Foreign Beneficiaries from Your Discretionary TrustAndrew2020-05-18T08:20:24+09:30
The Victorian State Revenue Office (SRO) has announced that from 1 March 2020 it has adopted a new approach in applying the ‘foreign purchaser additional duty’ (FPAD) provisions of the Duties Act 2000 (Vic) to discretionary trusts. Make sure you don't get caught by this additional 8% of duty.
This is a big question. The answer is going to depend on a range of factors, but there are some general rules you can apply.
Deciding to get married is a big emotional decision. But it's also a massive legal and financial decision. Asset ownership, asset protection, super, life insurance, decision making, estate planning and family financial support, all need to be carefully considered to provide a solid legal foundation for a successful life together.
How does the mandatory Code of Conduct for commercial leases work?
Company title is rare and unusual. If you are selling it then you should have experienced lawyers to help you.
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.
A Guide to what your SMSF can, and can not, invest in.
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.
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?