Tax

Authoritative and technically accurate information and guidance on all areas of tax

The process (and pros and cons) of ‘electing’ to be a family trust

Trusts are an important and very useful concept for managing one’s financial affairs, as well as estate planning. The pros and cons of ‘electing’ to be a family trust A trust is established whenever there is a separation of the legal ownership (for example, the name appearing on a land title) from the beneficial (equitable)

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Gumtree or Facebook group sourced assets, and the realities of making a claim

A recent case before the Administrative Appeals Tribunal (AAT) brought into focus a growing phenomenon that small business owners should keep in mind for work-related or business expense deduction claims, especially where the acquisition of claimable assets is made in a certain way. peer sourced assets, and the realities of making a claim The case

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