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A lesson in planning ahead to avoid ATO conflicts – Capital Gains Pitfall

Article By: Sarah Cappello Cappello Rowe Lawyers Sydney A client purchased a property in Sydney in early 2014 with the intention to be an owner-occupier but due to financial constraints rented it out for a brief period in late 2014 and early 2015 before moving the family in and undertaking…

What’s a “family trust” and why would I want one?

Article By: Sarah Cappello Cappello Rowe Lawyers Sydney Family trusts are exceptionally common type of trust with close to a million family trusts estimated to be in use in Australia. They are generally used to hold assets or run a family business, for the benefit of a family group. A…

What support is available while rebuilding after the bushfires?

Article By: Sarah Cappello Cappello Rowe Lawyers Sydney After one of the worse bush fire seasons in living memory, many people and business are finally starting to take stock and turn their attention onto getting back on track. Unfortunately, this also means now identifying the damage and disruption that has…

Avoid Nasty Taxation Surprises in Family Law Settlements

There are significant differences in the tax consequences of certain family law related actions particularly when negotiating property settlement outcomes – the cutting of the cake! Unique opportunities in the family law environment can enable a couple to lawfully restructure wealth while avoiding, or minimising, the hefty tax and revenue…

Tax Responsibilities of Small Business Owners

Have you started a small business and are wondering what you need to do to keep your tax affairs in order? In this article, we provide an overview of the tax responsibilities of small businesses including record keeping, reporting obligations and paying tax. It is important to note, however, that…

Disputes and the ATO

Given the complexity of the taxation regime and the requirement for taxpayers to initially self-assess their liabilities, disputes between taxpayers and the Australian Taxation Office (ATO) will inevitably arise from time to time. If you disagree with a decision that the ATO has made about your tax affairs, you have…