Tax Issues in Family Law Proceedings – you can run but you can’t hide

14Nov2019

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Tax issues such as CGT (including rollover relief), Division 7A as well as trust and corporate law issues frequently arise in family law property proceedings. A recent trend has also seen the Commissioner of Taxation intervening in s79 proceedings to secure payment of tax debts owed by a party or parties to the marriage prior to any distribution of property.

This session will explore:

  1. The tax risks to be identified at the outset of a family law dispute;
  2. The Commissioner’s powers to intervene in family law proceedings;
  3. The ability of the Court to substitute one party for another in respect of tax debts;
  4. Whether the Commissioner can use information obtained in family law proceedings to raise tax assessments;
  5. The need and efficacy of tax indemnities; and
  6. Practical tips to apply in practice.

 

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