Tax Law: 22 March 2019
We recently provided tax advice to a financial advisor on the restructure of a business owned by a husband and wife client which resulted in significant savings. The couple, each aged 55, had during their working life run a small business using a family trust and owning their business premises.
By working closely with the client's financial advisors, we were able to have the client:
All this was achieved without paying any stamp duty, GST, income tax or capital gains tax.
John McKell is an Accredited Specialist in Taxation Law.