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Q&A: Tricks and traps when settling disputes

Published on 01 Sep 04 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE

It is no surprise to anyone that Australians are becoming more litigious. As trusted advisers to clients of various shapes and forms, all of us have or will need to deal with the taxation aspects arising from out-of-court settlement sums paid and received by our clients. This includes income tax issues as well as goods and services tax issues and, of course, it's never as easy as it should be.

Author profiles:

Michael PARKER
Michael is Partner at Hall & Wilcox, Lawyers. Michael's practice focuses on Capital Gains Tax, business sales, acquisitions & restructuring and business sales & acquisitions.
Current at 22 October 2007
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Jerome TSE

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