Legal Consolidated Taxation Prize UWA (formerly Brett Davies Lawyers Tax Prize)

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06/11/2015

Legal Consolidated Taxation Prize UWA (formerly Brett Davies Lawyers Tax Prize)

The Brett Davies Lawyers Taxation Prize UWA at the University of Western Australia has been renamed the Legal Consolidated Taxation Prize UWA. This reflects the change of name of the law firm from Brett Davies Lawyers to Legal Consolidated Barristers & Solicitors. The Prize is awarded to the UWA student who […]
28/10/2015

How to get UK pensions into an Australian Super fund

Getting UK pensions into an Australian Self-Managed Super Fund Many of us have UK pensions. From 6 April 2015, the conditions that an Australian superannuation fund (pension scheme) must satisfy to register with Her Majesty’s Revenue and Customs (HMRC) as a qualifying recognised overseas pension scheme (QROPS) has changed. The […]
22/10/2015

Dr Brett Davies’ Thesis – Business Succession Planning

Business Succession Planning Quick links: Dr Brett Davies’ thesis – Click here Business succession planning manual – Click here Estate planning manual – Click here Business Succession Planning Question: Dear Dr Davies, I am a financial planner specialising in business risk. I was hoping that you would make available your PhD thesis on […]
21/10/2015

Binding Financial Agreements – legally binding?

Binding Financial Agreements (BFAs). Legal Consolidated Barristers & Solicitors no longer does BFAs. To date, not one of our BFAs has ever fallen foul of the Family Court or other Courts. We have stopped doing BFAs while we have a 100% success rate. The Family Court keeps looking at new ways to […]
19/10/2015

SMSF Joint Tenants vs Tenants in Common

SMSF Joint Tenants vs Tenants in Common – Which is better? Question: SMSF Joint Tenants vs Tenants in Common is a common discussion. I agree that Joint Tenancy is generally dangerous because of the CGT regime as per your previous PRUDENCE (2nd Edition) article. However, should Trustees in an SMSF own […]
19/10/2015

Court rewrites Will to save tax – Court-authorised statutory Wills

Court rewrites Will to save tax – a novel remedy for crazy people Each of the States and Territories allow the making, revoking and varying of a Will. But only if you lack testamentary capacity: South Australia: section 7 Wills Act 1936 (SA) ACT: section 16A Wills Act 1968 (ACT) […]
19/10/2015

Super binding nomination messed up 3 times in Munro v Munro

Super Binding Nomination wrong three times in Munro v Munro Mr Munro, a lawyer, loved his two daughters from his first marriage. As in Cinderella, his second wife did not feel that love. His Will gave $350 000 to his second wife and the remainder of his huge estate to […]
19/10/2015

Joint tenancy is old fashioned and dangerous. Is tenants in common better?

Joint tenancy is old fashioned and dangerous Joint Tenancy vs Tenants in Common Tenants in common: each owner holds their discrete share of the asset outright. It can be 20% and 80%. Or can be 50% and 50%. Or is can be 34%, 6% and 60%. But it must equal […]