Current as of: 15 August 2017.
Many strategies involving business and asset restructure are motivated by the need for asset protection. In this context various ITAA integrity measures should be fully considered to ensure that the restructuring has no unwanted taxation consequences. As to which and how the various integrity provisions apply to the specific taxpayer circumstances require proper consideration of the law and the facts. In essence, the reasons for asset protection strategy must be genuine and proper.
Recent legislative and industry updates have introduced significant changes, including increased duty and extended vesting dates for trusts, broader electronic signing capabilities for companies, and additional guidance on the classification of discretionary trusts as foreign entities. […]
Order BDBNs as part of SMSF and SMSF Upgrade orders. […]
For three days in September, the team kept their kits on to raise awareness and much needed funds for those experiencing homelessness. […]