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trust

Testamentary trusts: what are they and why are they so beneficial?

James Meli November 6, 2023

Introduction A testamentary trust is a trust created under an individual’s will following their death. They may be contrasted with inter vivos trusts, which are ordinary trusts created during the settlor’s lifetime. Testamentary trusts may be: simple (for example, where the legal personal representative is to hold an asset for a minor beneficiary until they reach a specified age); or complex (for example, where an ordinary discretionary trust deed is essentially built into the testator’s will in order to govern the testamentary trust over its lifetime). Like ordinary

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Demystifying Small Business CGT Concessions: A Comprehensive Guide

James Meli November 13, 2023

Capital gains tax (CGT) is a tax that is paid on profits made from the sale of assets, such as businesses, property, and investments. CGT can be a significant burden on small businesses, but there are a number of special concessions available to help reduce or even eliminate those pesky gains. This comprehensive guide will demystify small business CGT concessions, explain the different types available, and outline the eligibility criteria and application process. We will also provide some tips for maximizing the benefits of these valuable tax relief

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Tax Implications of Business Structures: Sole Traders, Partnerships, and Companies

James Meli November 15, 2023

The business structure you choose for your business can have a significant impact on your tax liability. In this article, we will discuss the tax implications of the three most common business structures: sole traders, partnerships, and companies. Tax Implications For Sole Traders, Partnerships, and Companies Sole Traders Sole traders are businesses that are owned and operated by one person. They are the simplest type of business structure to set up and maintain. However, sole traders are also personally liable for all business debts and liabilities. Tax implications

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Estate & Succession Planning: A Roadmap for Tax Efficiency

James Meli November 15, 2023

Estate and succession planning are essential aspects of managing your financial legacy, ensuring that your wealth is transferred efficiently to the next generation while minimizing the burden of taxes. This comprehensive roadmap for tax efficiency will guide you through the complexities of estate and succession planning, helping you make informed decisions to protect your assets and provide for your loved ones. Estate planning involves preparing for the distribution of your assets upon your death, while succession planning focuses on the transition of your business or wealth to the

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Understanding Trusts: A Guide to Tax Planning

James Meli November 18, 2023

Trusts are legal arrangements where one person (the settlor) transfers assets to another person (the trustee) to hold for the benefit of another person (the beneficiary). Trusts can be used for a variety of purposes, including tax planning, asset protection, and estate planning. In Australia, individuals and businesses benefit from our expert trustee services. We provide a range of financial trustee services, including trust legal services delivered by experienced trust lawyers in Sydney. Here, let’s learn about “Trusts” it so that you can make a better and more

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Property Tax Tips: Navigating the Australian Real Estate Landscape

James Meli November 19, 2023

Generally, property tax is a significant expense for many Australian property owners. However, there are a number of ways to reduce your property tax burden. If you’re navigating property taxes in Sydney, consider hiring our property tax consultant. Our specialists offer property consulting services to fit your requirements. And as trusted property consultants in Sydney, we can provide valuable insights and advice. Whether you’re a homeowner or investor, having skilled property tax specialists on your side can make a significant difference. This article provides some tips for navigating

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