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News
Selling a business to an employee ownership trust: the tax memo can be right and the deal can still fail
3+ hour, 18+ min ago (378+ words) Your client signs the share purchase agreement, shakes hands with people he has employed for twenty years, and drives home. He no longer runs the company. For the next two years he still owns the tax bill if the people…...
CAFBA says major flaws remain in discretionary trust plan
19+ hour, 58+ min ago (889+ words) CAFBA has warned that the government’s revised discretionary trust plan still leaves small and family businesses facing a difficult choice between trust flexibility and a higher tax burden. The Commercial & Asset Finance Brokers Association of Australia (CAFBA) has welcomed the…...
NSW's Trust Tax Strategy Praised, Urged for Adoption
3+ day, 5+ hour ago (266+ words) "We welcome the constructive approach to trust taxation issues flagged by NSW Treasurer Daniel Mookhey, and urge the other states to work cooperatively to resolve a complex federalism problem," said Innes Willox, Chief Executive of the national employer association, Australian…...
TTR Sotheby's Sold After Nearly Four Decades of Local Ownership
3+ day, 9+ hour ago (201+ words) TTR Sotheby’s International Realty has been acquired by Sotheby’s International Realty after nearly four decades of local ownership, according to a Sept. 9 report by the Washington Business Journal. Founded in Georgetown in 1988 by Wallace Tutt, Jonathan Taylor and Michael Rankin,…...
Tax Reforms: What???s Changing for CGT, Negative Gearing and Trusts
4+ day, 10+ min ago (188+ words) Written by Chris Balalovski Reviewed by Stipe Vuleta Importantly, none of the measures should be viewed in isolation. While CGT reform, negative gearing changes and the proposed minimum tax on discretionary trusts each raise distinct considerations, these measures are frequently…...
Equity Trustees broke its own rules on problematic First Guardian fund
3+ day, 20+ hour ago (92+ words) AFR ASX-listed Equity Trustees incorrectly categorised the First Guardian scheme, leading the firm to make it available for investment on its wealth management platform, without board approval, and in breach of its rules for managed funds with high exposure to…...
How Labor's 30pc trust tax grab could derail the farm family succession plan
4+ day, 1+ hour ago (932+ words) The challenge of drawing up farm succession plans seems doomed to get even harder if families take the bait offered by the Albanese government as it again tries to make its business trust tax grab less controversial. The new tax…...
No ‘windfall gain’ from trust tax changes: Mookhey
3+ day, 21+ hour ago (95+ words) AFR NSW Treasurer Daniel Mookhey says the state’s revenue office is examining whether trusts will be exempt from stamp duty after federal tax changes announced by federal Treasurer Jim Chalmers, but he reassured small businesses he is not looking to…...
Minimum tax on trusts another masterclass in inept tax reform
4+ day, 22+ hour ago (788+ words) Matthew Burgess, director, View Legal In what has been the pattern with all legislation since the May announcements, the new rules: Subject to the detailed review the dense new provisions mandate, seven headline issues taxpayers and their advisers will need…...
Lower Mainland real estate agent???s licence suspended, regulator says
4+ day, 8+ hour ago (204+ words) Published 3:12 pm Wednesday, September 9, 2026 The B.C. real estate services regulator has suspended the licence of Vancouver-based real estate agent Rimpy Hothi. B.C. Financial Services Authority announced the suspension Sept. 4, effective immediately. It also applies to Rimpy Hothi Real Estate Corporation. As per…...