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 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
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
A large proprietary company is under a statutory obligation to lodge its audited accounts with ASIC annually. As from 1st July, 2019, the thresholds which determine whether a proprietary company is classed as small or large have moved upwards. … Continued
Once upon a time… In medieval England, there was no income tax, no capital gains tax, no complex tax code and regulations, and trusts could continue to operate indefinitely. However, this enabled wealthy families to hold property in their trusts indefinitely, or … Continued