The last 3 decades have seen a substantial growth in the number of people in Australia establishing a family/discretionary trust. The benefits of such an arrangement have been largely touted by professionals around 2 areas – asset protection and tax benefits.The issue...
Key pointsNew requirements for contracts of sale of real estate worth $2M or more entered into from 1 July 2016.All purchasers of such real estate must withhold 10 percent of the purchase price unless they are given a clearance certificate by the vendor.Vendors of...
