by Gavel Law | Feb 26, 2025 | Gavel Law, Private Wealth, Tax Avoidance, Taxation Law, Trusts
The Commissioner of Taxation (Commissioner) has had a long-standing view that an unpaid present entitlement (UPE) by a trust to a corporate beneficiary is a form of “financial accommodation” where the beneficiary can (but does not) demand the entitlement. This meant...
by Gavel Law | Apr 5, 2024 | Charitable Donations, Gavel Law, Private Wealth, Taxation Law
An entity must be a charity to be eligible for various tax exemptions and concessions and endorsement as a deductible gift recipient. (Charity is defined in section 5 of the Charities Act 2013). For a long time it was thought that there was a rigid distinction...
by Gavel Law | Feb 21, 2023 | Gavel Law, Private Wealth, Superannuation, Taxation Law
The Federal Government has launched an assault against those with “large” superannuation balances The Federal Government has launched an assault against those with “large” superannuation balances and has proposed radical changes which will affect super balances over...
by Gavel Law | Feb 21, 2023 | Commercial Law, Corporate Law, Gavel Law, Private Equity, Private Wealth, Property Law, Taxation Law
More Government Overreach Ordinary Australians, vulnerable and wealthy alike, will be exposed and at risk of being targeted for identity theft, cybercrime and discrimination. The Australian Federal Government proposes to implement a public register of beneficial...
