Private Wealth

Greenwoods & Herbert Smith Freehills advises many of Australia’s most successful private groups and emerging entrepreneurial businesses.

We have a full service offering covering strategic domestic and international tax planning, taxation advice on major transactions, and the provision of comprehensive compliance services. We aim to maintain the highest level of client service on every engagement and work alongside our clients in an open and collaborative manner.

With the increasing ATO scrutiny of private groups and high net worth individuals, we appreciate the importance of managing ongoing relationships with the ATO. Our team regularly assists clients with ATO interactions, reviews, audits and disputes. Our clients benefit from our deep understanding of the technical tax issues as well as our industry-specific forensic and strategic insights. Our greatest successes are when we are able negotiate advantageous settlements of major issues for our clients.

Private Wealth Transactions

Private wealth matters

Greenwoods & Herbert Smith Freehills does not disclose information relating to its work on private wealth matters.

Private Wealth Publications

13 Aug 2018  |  Riposte  |  Financial Services  |  Private Equity  |  Private Wealth

Tax Law Bites Trust Law on Franking Credits

The High Court of Australia has restored sanity in a long running saga in which a trustee purported to separate franking credits from the underlying dividends in allocations to beneficiaries. The Court held (as the parties now accepted) that this was not possible and that a contrary decision of the Supreme Court of Queensland in its trusts jurisdiction to which the Commissioner of Taxation was not party did not bind the Commissioner.

12 Jul 2018  |  Riposte  |  Private Wealth  |  Employment & Superannuation

Board of Taxation reviews residency test for individuals

The Board of Taxation has released a self-initiated report considering the existing individual income tax residency rules. In providing its recommendations, the Board of Taxation concludes that the existing residency rules are no longer appropriate and must be modernised.

04 Jun 2018  |  External Publications  |  Private Wealth

Managing Part IVA

The Tax Institute's Private Business Tax Retreat was held on the Gold Coast from 31 May - 1 June 2018. As part of the Retreat, Greenwoods & Herbert Smith Freehills Director Cameron Blackwood and Senior Associate Chris Aboud presented on managing Part IVA.

The Tax Institute Private Business Tax Retreat - Managing part IVA presentation - Cameron Blackwood and Chris Aboud (444 kb)

15 Mar 2018  |  Riposte  |  Employment & Superannuation  |  Private Wealth

Labor to deny SMSF franking credit refunds

Labor announced that, if elected, they would deny franking credit refunds for superannuation funds and individuals. Although targeted primarily at Self-Managed Superannuation Funds, some APRA-regulated funds that cater principally for pensioners and some non-working and low-income individuals will also be adversely affected.

18 Dec 2017  |  Riposte  |  Private Wealth

The ATO broadens its targeting of private groups

Having focused on the top 320 privately owned and wealthy groups, the ATO is now looking at the next 1,200 largest groups to interview.

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Private Wealth team

Andrew White

Director

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Cameron Blackwood

Director

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Narelle McBride

Director

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