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Tax Insights

17 Oct 2018  |  Riposte  |  Real Estate  |  Private Wealth

Circular trust resolutions – family trusts to be taxed at 47%

Following on from the Government’s announcement in the 2018-19 Budget, an Exposure Draft entitled Treasury Laws Amendment (Measures for a Later Sitting) Bill 2018 has been released which proposes to impose trustee beneficiary non-disclosure tax (currently, 47%) on the untaxed part of a circular trust distribution to which the trustee of a family trust becomes presently entitled.

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16 Oct 2018  |  Tax Brief  |  Private Wealth

Taxing private trusts - a moving target

Our revenue authorities have been very active recently issuing judgments, making pronouncements and intensifying enforcement activity, all directed to the way the tax system operates in relation to income made from, and gains arising on transactions with, assets that are held on trust. This Tax Brief highlights the effects of some of the more important developments affecting private trusts.

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15 Oct 2018  |  Riposte  |  Real Estate  |  Financial Services  |  Energy & Resources

Source rule in treaty means what it says

The Full Federal Court has confirmed in a short but emphatic judgment that the sourcing rule in Australia’s tax treaties means what it says. It rejected the argument that tax treaties are exclusively relieving and cannot lead (indirectly) to higher tax burdens.

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News & Events

17 Oct 2018  |  News & Announcements

Welcome David Bond

Greenwoods & Herbert Smith Freehills is delighted to announce that David Bond will join our Perth office as a Director on Monday, 5 November.

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29 Jun 2018  |  News & Announcements

Congratulations to our newly promoted Senior Associates

Greenwoods & Herbert Smith Freehills is delighted to announce the promotion of Sarah Reddick and Rebecca Fan to the position of Senior Associate, effective 1 July 2018.

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21 May 2018  |  News & Announcements

Lawyers Weekly 30 Under 30 Awards 2018

Congratulations to Senior Associate Mary Hu, who on Friday night was named a winner in the taxation category of the Lawyers Weekly 30 Under 30 Awards.

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