In October 2019, the State Revenue Legislation Further Amendment Bill 2019 was introduced to the NSW Parliament seeking to amend the treatment of acquisition duty and land tax for discretionary trusts with foreign persons as potential beneficiaries. The proposed amendments to the Duties Act 1997 (NSW)...
Do you know what your self managed superannuation trust deed provides should happen upon your death? Who will decide where amounts standing to your credit will be paid? If you are a trustee, who will replace you? Many trust deeds give very broad discretion to the...
From time to time clients have approached us in relation to setting up a ‘testamentary trust’ as a mechanism for sensible estate planning. Often this occurs following a conversation the client may have had with his or her accountant. Clients are also often advised by their...