Published on 16 Sep 03
by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE
This seminar paper includes:
- basics of property division in the Family Court
- basics of defacto property division on separation
- the court's approaches to dealing with uncrystallised tax liability
- super splitting
- taxes and stamp duty: liabilities and concessions on transfer of property, including CGT (especially rollovers), income tax (including Div 7A, trust problems, indemnities for paying tax), GST and stamp duty (SA)
- other concerns.
This is a slightly revised and updated version of a paper presented on 28 March 2003 at the National Convention in Adelaide. It considers matters from the SA practitioner's perspective.