Miscellaneous 2019

Family law

Source: The Tax Specialist Journal Article

Published Date: 1 Aug 2019


With relationship breakdowns becoming more common and the structures of client's wealth becoming more complex, it is important for advisers to be aware of the tax implications that can arise when dealing with a property settlement following a relationship breakdown. Exemptions and concessions are available for both capital gains tax and stamp duty; however, in each case, there are specific requirements that must be met in order for them to apply. Advisers need to be aware of these requirements when drafting or negotiating property settlements in order to prevent significant unintended tax consequences from arising. This article examines common tax implications arising under property settlements, the relevant exemptions and concessions that are available, and the requirements that must be met in each case.

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Miscellaneous 2019

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