Family law advice necessarily (and fortunately/unfortunately, depending on how you see it) goes hand in hand with tax law advice. In order to properly advise clients on the division of assets and changes to the family group structures, family lawyers, accountants and financial advisors involved in the process need to be aware of how tax may affect the end outcomes.
In this webinar we will cover some of the common tax issues we see in property settlements, including:
- what to look for when reviewing financial statements;
- unrealised CGT liabilities;
- transferring assets out of companies and trusts; and
- what to do with retained profits and Division 7A loans.