Sometimes, tax concessions are gone, gone, gone! There are many situations where family members have loans owing to a family company that they control. When a need arises to rationalize the loan arrangements in conjunction with a family law settlement, the taxation implications can be critical. There has been some concern expressed about theRead more
Finally, after 6 years of reviews and discussion papers the Government released a Consultation Paper in October 2018 which proposes a number of significant amendments to Division 7A loans. In general terms, if a private company makes a payment (excluding dividends, wages, or similar forms of remuneration), provides assets for private use or loans moneyRead more
The short answer is you don’t, unless the Valuation Report provides a defensible determination of the multiple. The multiple is a reflection of the risk and variability associated with future profits and is a critical factor in most valuations. The higher the multiple the lower the risk and vice versa. The following example illustrates thisRead more
The Gillard Group is one of Australia’s leading independent lighting designers and one of the first in the world to offer Lighting as a Service (LaaS). Founded by Jenni Gillard in 2005, the business delivers award-winning lighting designs for clients. Now it also offers world-leading solutions for managing installed LED, achieving NET positive returns andRead more
As a business owner there are many reasons you need to be able to succinctly and clearly explain your business model. Some reasons we have seen first hand recently include business owners wanting to: • Establish a new business opportunity arising from their existing business • Get funding for their business • Explain the opportunityRead more
The 2018 financial year will be the first year to be impacted by changes introduced to limit deductions that can be claimed by individual residential property investors. Firstly, travel expenditure (car expenses, airfares and accommodation) incurred inspecting and maintaining a residential rental property are no longer deductible and are not added to the cost baseRead more
Click below to download the SIGNAL Autumn 2017 newsletter.Read more
You may recall the decision in Sandini Pty Ltd v Commissioner of Taxation 2017 FCA 287 (Sandini) reported last year, where it was held that CGT roll-over relief was available on a relationship breakdown involving the transfer of a parcel of listed shares held by a unit trust (to be retained by the Husband) toRead more
Welcome to the first edition of our Shadow Expert e-bulletin for the 2018 year. We trust everyone is busy following the increase in matrimonial matters that typically signal the start of a new year. We are working with an increasing number of Brisbane family lawyers, involving complex and often high value property settlements, and would likeRead more
Our office will be closed from Thursday 21 December 2017 and will reopen on Monday 8 January 2018. We thank you for your support in 2017 and wish you and your families a very merry Christmas and a happy New Year!Read more
