Dr Brett Davies

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08/04/2016

Drafting Div 7A Loans – ATO’s 4 concerns

The ATO has just audited my new client’s Div 7A agreement. It did not go well. Many Div 7A Loan agreements are not ‘commercial’ and therefore not valid based on 4 common drafting errors: The Div 7A Loan must be signed as a ‘Deed’ not as an ‘agreement’. 'Agreements' require […]
02/04/2016

A new way of defining Trust Income for fixed trusts – AMIT

A new way of defining Trust Income for fixed trusts - AMIT The Federal Government is kindly giving Trustees of fixed trusts a new way of calculating trust income, distribution and attributions. This is under the AMIT (Attribution Managed Investment Trust) rules. It starts 1 July 2016, but you have […]
07/11/2015

Disabled dad has $9m, two children and no Will – Statutory Will to the rescue

A Statutory Will is a Will written by the Court for you - before you die. Ten years ago Rolf suffered a 'near fatal' car accident. The Court said that from that moment on he had 'no testamentary capacity, no current Will and no real or even remote prospect of […]