The Undesirability of Appeals in the Family Court
Recently, we have had a number of cases where parties have good prospects to appeal, but
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Brett Hartley, leading Brisbane Family Lawyer was recently interviewed as an expert on Tax and Family Law for Business Spectator.
Brett was asked to give insight into the implication of tax laws when it comes to business and Family Law in Australia:
Marriage break-ups are rarely courteous affairs, and when it comes to family businesses they can be particularly nasty, and very costly, especially if they get to court.
In Australia, recent changes to tax law have also muddied the final waters for couples splitting up. A tax ruling by the Australian Taxation Office last year has created a new tax sting if a court orders that you receive money from a private company or trading business to which you or your former partner is linked.
In effect, the ATO has deemed that any transfer of property or payment of funds from a private company to members of a couple going through a divorce will be classed as assessable dividends. In the majority of situations it’s likely that a person receiving business proceeds via a Family Court order will be taxed at the top marginal rate (49 per cent).
You can read the full article here: Don’t Let Divorce Break Up The Family Business.
Marriage break-ups are rarely courteous affairs, and when it comes to family businesses they can be particularly nasty, and very costly, especially if they get to court.
In Australia, recent changes to tax law have also muddied the final waters for couples splitting up. A tax ruling by the Australian Taxation Office last year has created a new tax sting if a court orders that you receive money from a private company or trading business to which you or your former partner is linked.
Recently, we have had a number of cases where parties have good prospects to appeal, but
It is probably commonsense and goes without saying, but in so many matters we have clients
The Family Law Amendment Bill 2023 (Cth) which was passed on 19 October 2023 will result
The Privacy Statement of the Company is incorporated into these Terms and Conditions. The Company respects the privacy of all its customers and business contacts. The Company is subject to the requirements of the National Privacy Principles which are contained in the Privacy Act.
1. How is personal information collected?
Your name, email address and phone number are collected on the contact form to allow the Company to contact you.
If you email or phone the Company directly, then the Company may record your personal details.
Your personal information may be used to:
a) Improve service to you, the customer
b) The Company may use personal information about you for marketing and research purposes. If you do not wish this to occur, please contact us and we will ensure this does not occur
c) Your personal information is not disclosed to any organisation outside of the Company.
2. Will personal information be given to anyone else?
The Company does not sell or provide your personal information to any other company.
3. Security of personal information
The Company employees are required, as a condition of their employment, to treat personal information held by the Company as confidential, and to maintain the confidentiality of that personal information.
The Company protects the personal information it collects in a secure database.
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You can access your data at any time by contacting the Company directly.
You also have the right to ask us to correct information about you which is inaccurate, incomplete or out of date.
We ask you to contact the Company by email or phone using the Company contact details if you wish to access or correct any of your personal details.
5. Online privacy issues
To the extent that this Privacy Policy applies to online privacy issues, it is to be read as forming part of the terms of use for our website. When you deal with the Company whether online or otherwise, the Company takes its privacy obligations seriously.
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The Company may change its Privacy Policy at any time.
For further information about privacy issues and the protection of privacy visit the Australian Federal Privacy Commissioner’s website at www.privacy.gov.au. If you feel that The Company is not complying with this Privacy Policy, or if you have other privacy concerns, please contact the company.
