Early Termination of a Commercial Lease

When Australian property owners and business owners enter into a commercial lease agreement, there are generally specific terms outlining the duties of both parties, the duration of the agreement,…

The Taxation of Trusts

Whilst there are no inheritance taxes in New South Wales, capital gains tax and income tax are ever present. When dealing with family trusts, proper estate planning requires a consideration of the…

Bankruptcy and Sham Trusts

Trusts continue to be a complex and evolving issue for bankruptcy trustees. They are forever finding assets which the bankrupt claims is held in a trust or over which an unregistered security…

Can journal entries constitute payment of a death benefit?

Answer No. The ATO, in its Interpretive Decision ATO ID 2015/2 has made it clear that to be a superannuation death benefit, the benefit must be paid to the taxpayer. Journal entries are insufficient…

8 Steps to Selling Your Business

  Selling your business is one of the most important decisions you'll have to make. Before you take the final plunge, it is important to understand the various steps including an understanding…

Conveyancing: Top 10 Common Contract Mistakes to Avoid

Buying or selling a property can be an overwhelming decision. You might be purchasing your dream property or intending to sell off an investment which represents your nest egg. Drafting a contract…