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Asset Protection for Professionals seminar paper

Published on 27 Mar 03 by NATIONAL EVENTS, TAXATION INSTITUTE OF AUSTRALIA

After years of tax combat, your livelihood and family home are seriously threatened by one perfectly explicable mistaken interpretation of the Tax Acts.

Your PI insurer has collapsed and you are fully exposed financially.

Or have you recognised that this could happen and taken early action to protect your essential assets? This paper considers the 'rules' of asset protection and what is achievable at an early planning stage.

An updated version of this paper was presented at the Asset Protection: Structuring for Asset Protection for High Risk Professionals seminar held in Sydney on 3 July 2003. Click here to view the paper.

Author profile:

Author Photo - Kenneth Schurgott CTA-Life
Kenneth Schurgott CTA-Life
Ken is a Tax and Commercial Law Director of Schurgott & Co Lawyers and Special Counsel with Brown Wright Stein Lawyers, Sydney. He has extensive experience in all aspects of tax (including state taxes and litigation), as well as business structuring, business sales and acquisitions, asset protection, succession planning and trust and estate law. Ken has been, until recently, a member of the Advisory Panel to the Board of Taxation and heavily engaged in ongoing consultation in relation to the reform of the taxation of trusts and trust issues generally. Current at 28 July 2016 Click here to expand/collapse more articles by Ken SCHURGOTT.
 

This was presented at 17TH NATIONAL CONVENTION: TAX 2003 - A CHALLENGING VINTAGE.

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