We look at whether you need an ATO Clearance Certificate when selling property. The answer is yes, if: you are selling real estate over $750,000; and you don’t want 12.5% of the sale price to be paid to the ATO. The ATO requires the Certificate to be obtained before...Read More
If you are appointed as the executor of an estate, you have a number of duties cast upon you. They include: maximising the size of the estate for the beneficiaries; and preparing any necessary tax return or obtaining Income Tax Clearances. Estate administration...Read More
The preparation of your estate plan involves a number of matters, especially the payment of your superannuation death benefit. From 1 July 2017 a “Transfer Balance Cap” was introduced. In broad terms, the effect of the Cap is to limit the total amount of...Read More
I often write about the importance of having a valid Will. You might have been as surprised as I was to learn that Aretha Franklin, “the Queen of Soul”, died without a formal Will. By not making a formal Will, the famous singer sparked more than four years of bitter...Read More
I have written previously about the pitfalls of home-made Wills. Although it may sound like I’m trying to drum up business in recommending your Will be prepared by a solicitor, there is some support from Master Sanderson in a recent Supreme Court of Western Australia...Read More
