Division 7A is an integrity measure to ensure that private companies do not make tax free distributions of profits or assets to shareholders or associates.
Whilst inheritance are often understood to be assets of the marriage and therefore part of the property pool to be divided in Divorce proceedings. It is not always the case.
This session puts a spotlight on the Federal Court Tax case Sandini v Commissioner of Taxation.
So your client got the Orders they were seeking and have moved on.
What happens when the partner becomes a Bankrupt or their Company goes into Insolvency and a Liquidator / Trustee takes steps to recover part or all of the asset pool?
An outline of the Commissioner’s view on the application of Division 7A to unpaid present entitlements made by a discretionary Trust to a corporate beneficiary.
Detailed explanation of how minority and controlling interests in companies are valued and some common valuation traps.
A walkthrough of the valuation process with a focus on how valuers and Family Lawyers can effectively work together to drive better outcomes for clients.
This presentation outlines the specific concessions available in relation to Capital Gains Tax and Stamp Duty in Family Law matters.
Family run business are often tangled with both husband and wife providing guarantee’s and being directors of a Company to allow them to borrow funds and in the hope of reducing their tax obligations.
This session provides an in-depth summary of director penalties with regard to a company in breach of its Pay as you go (PAYG) withholding and superannuation guarantee (SGC) obligation.
An outline of the valuation process incorporating business valuation fundamentals and methodologies
This is a discussion session based on the Commissioner’s view with respect to Family Court Orders, CGT Event A1 and the potential tax implications where the parties don’t transfer assets in strict accordance with the Family Court Orders.
Nuances of Valuation
Our next event in the RSM Family Law series will be on the nuances of valuations.