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Taxation and Estate Planning |
Rosendorff Lawyers advise on how to structure business transactions in the most tax effective manner taking into account:
- Capital gains tax
- Superannuation
- Taxation of trusts
- Structuring and income tax
- State taxes
The CGT consideration of any structure is a key determinant in implementing the structure. Wherever possible, the tax planning should be engineered to take advantage of CGT rollovers, discounts and exemptions.
Estate planning is more than simply making a will. Proper estate planning must take into account:
- An assessment of the overall assets of our client
- Possible reorganisation of our client's affairs
- Restructuring to take into account capital gains and other tax considerations
- Advice to our client regarding possible claims against the estate
- Protection of assets against creditors or other risks relating to beneficiaries
Estate planning is a continuous process and must be reassessed whenever any major event occurs such as:
- Marriage or divorce
- Acquisition of a new major asset
- Starting up or finishing of a business
- Acquisition of a superannuation or life policy
- Children marrying spouses who are thought to be undesirable
- Marriage of children appears shaky
- Insolvency is imminent
- Tax laws are changed
- A discretionary trust is established
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