The division of property after separation can have significant taxation consequences, especially when businesses, corporate structures and trusts are involved.
It is important in structuring the division of property that all the taxation implications are considered, including stamp duty, Division 7A, Capital Gains Tax and Goods and Services Tax. The
Family Law Act provides a number of exemptions to and relief from taxation in the division of property. By working in conjunction with specialists in the accountancy and financial planning fields, we ensure that your property settlement is structured to minimise or remove the taxation consequences.
Our team will also work collegiately with your existing accountant or financial planner to achieve the best approach for the division of your assets.
Good advice is invaluable.
You will need support to guide you through the legal process involved in tax-effectively structuring the division of your property. In our initial consultation we focus on understanding your personal situation, explaining your legal position, addressing any doubts or uncertainties you have over the legal process and providing practical advice on the best way forward. Should further work be required, we will explain the possible future steps and the associated costs, with a firm focus on delivering practical and cost-effective outcomes.
Please contact Trent Waller on (07) 3236 2900 or
twaller@crhlaw.com.au to arrange a consultation.
