Which states require stamp duty on trust deeds?

Stamp duty is a tax imposed by certain states on documents or transactions that affect or record: the transfer of the ownership of assets (eg land, cars), or the creation of rights in respect of assets (eg certain leases and … Continued

Included/Excluded Trust Deals

The exclusion of foreign beneficiaries from trusts   What is “residential property”? The definition of “residential property” varies between the states but, broadly, it includes:- residential apartments and houses, and property capable of being used for residential purposes.   How … Continued

Men’s Shed’s to be deductible gift recipients

Men’s Sheds and Women’s Sheds will be able to seek endorsement as a deductible gift recipient as from 1st July, 2020.   The purpose of Men’s Sheds and Women’s Sheds are to provide men and women with something useful to … Continued

Duty Savings for Farmers

There are exemptions and concessions for the amount of duty payable on the sale or purchase of farm properties in Victoria.  Read on if you have clients who are farmers ….. Family Farm structures   A Family Farm Company or … Continued