Tax and Superannuation

Tax and Superannuation

Two things in life are certain: death and taxes

There is not much we can do about the former, but with a little forethought and planning, there is a lot we can do about taxes. As experienced commercial lawyers P.M. Lee & Co. Lawyers know that every transaction, arrangement, or document, is likely to have tax consequences.

We review every transaction to assess the potential application of Income-tax, Capital gains tax, Goods and services tax, and Stamp duty.

 

What we do

Our we can structure transactions to reduce the incidence of taxes. Sometimes a proposal can be restructured, to change what would be assessable income, into tax-free, or concessional taxed Capital Gains.

For example, in the sale of a business, concessions for redundancy, superannuation, rollovers, or small business tax concessions, provide fruitful grounds to reduce the incidence of tax. For our country clients, concessions exist in both tax, and stamp duty for transfer of farms, and business assets.

We often advise on Family Estate Planning matters, making use of trusts, testamentary trusts, companies and other structures, to utilise these concessions, while keeping family assets free from potential claims and liabilities.

Our services include:

Bodies Corporate and developers, as well as single lot owners.

  • Family Discretionary Trusts
  • Child Maintenance Trusts
  • Unit trusts
  • Hybrid structures
  • Division 7A loan agreements
  • Business licensing agreements
  • Self Managed Super Funds

Usually, the most effective planning to reduce taxes in the future is done before an asset, or business is purchased. We will consider your long term objectives, survey the possible tax outcomes, and suggest the most tax-effective structures to achieve your objectives while keeping taxes to a minimum.

We accept referrals from many accountants, advisors, and direct from clients, on a wide range of taxation issues. If we cannot reduce the tax, at least we will warn you of it.

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Contact us today to schedule an initial consultation.