How to Transfer Property Out of Family Companies & Trusts

Transferring property from family companies and trusts in Family Law settlements is fraught with a number of potential problems including:

• Capital Gains Tax

• Stamp Duty

• Division 7A

• GST

The incorrect approach can create both current capital tax tax liabilities and future capital gains tax liabilities.

However the Capital Gains Tax Family Law rollover provisions can provide your clients with great tax planning opportunities that could save both current capital tax and potential future capital gains tax.

In this installment of our Legal CLE videos we discuss:

• Capital Gains Tax

• Family Law Rollover Provisions

• How the Family Law treats Capital Gains Tax

• Examples of Property Transfers:

  • Spouse to Spouse

  • Trust to Spouse

  • Trust to Trust

  • Company to Spouse

  • Super Fund to Spouse

  • Super Fund To Super Fund

• Case Study: Effective Family Law Tax Planning

The 50 minute video and accompanying slide notes is available in the Lawyers Section.

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Disclaimer:

The information provided in this article is general in nature and does not constitute personal financial, legal or tax advice. While every effort has been made to ensure the accuracy of this content at the time of publication, tax laws and regulations may change, and individual circumstances vary. Dolman Bateman accepts no responsibility or liability for any loss or damage incurred as a result of acting on or relying upon any of the information contained herein. You should seek professional advice tailored to your specific situation before making any financial or tax decision.