An Australian trust exists under state law. So your trust may be under the laws of a state. E.g. New South Wales, Victoria, Northern Territory or any other state or territory. This is called the trust’s ‘jurisdiction’. Can you change the...
CGT Event E4: Tax Timing Adjustments and the Risk of Double Taxation Professor Brett Davies from Legal Consolidated emphasises the importance for practitioners to stay informed about CGT event E4. This is particularly true when dealing with unit trusts. This event may...
A UPE is not a ‘Loan’ for Div 7A Purposes: Bendel and FCT [2023] AATA 3074 Bendel and FCT – the ATO loses with egg on its face Bendel and FCT [2023] AATA 3074 sheds light on the treatment of Unpaid Present Entitlements (UPEs) under Division 7A of the...
Amending a Testamentary Trust after the Will Maker Dies In Australia, the legality of altering a testamentary trust after the Will Maker’s death can be intricate. It’s essential for both Will Makers and potential beneficiaries to comprehend the...
Professor Davies declares NSW electronic Will signing law a failure NSW has been careless and reckless in its failed attempt to allow people in NSW to sign Wills electronically. As of 22 April 2020, in NSW, video conferencing technology like Skype, WhatsApp, FaceTime...