Contact Us

    Tax Implications for Property Settlements

    By Matthew Sibley on 31/08/18 8:30 AM

    Executive Summary

    1. The recent case of Sandini demonstrates the circumstances in which a transferor spouse may be exempt from CGT when transferring property to their former spouse under family law orders.
    2. Family lawyers must have a well-grounded knowledge of the tax implications of property transfers and should not hesitate to obtain single expert taxation advice when required.
    3. Care must be taken when drafting family law orders, as simple mistakes can have significant tax consequences for parties.
    Continue Reading

    Six Reasons You Need to Think About Selling Your Business

    By Philip van den Heever on 30/08/18 8:30 AM

    Selling your business is the furthest thing in your mind when you are in the positive stages of a thriving business.

    Continue Reading

    Family Law: Net Asset Pool (noun)

    By James Frank on 19/04/17 5:54 PM

    Net Asset Pool (NAP) (noun): (assets – liabilities) + superannuation = Net Asset Pool

    Continue Reading

    Family Law: Disclosure (noun)

    By James Frank on 17/02/17 11:47 AM

    Disclosure (noun): a process whereby both parties to a family law property settlement are required to exchange all information and documentation relevant to their financial circumstances.

    Continue Reading

    Family Law: How to split Superannuation in a Family Law property settlement

    By James Frank on 8/12/16 8:55 AM

    So, you and your former partner have reached an agreement about your family law property settlement. Part of the agreement is that you receive some of your former partner’s superannuation. But…how do you go about executing this?

    Continue Reading