The Slayer Rule: Why bumping off your relatives doesn’t accelerate your inheritance
SMSF Alert: ATO Confirms aggressive NALI and NALE stance – Make sure you know when you have your Trustee Hat on
In late July, in an extremely significant development, the ATO released Law Companion Ruling LCR 2021/2. This ruling upholds the ATO’s recent expansive interpretation of the Non-Arm’s Length Income (“NALI”) and Non-Arm’s Length Expenses (“NALE”) provisions of the ITAA 97.
On Friday, the High Court of Australia set the cat among the pigeons for the insurance industry in a decision that the rest of the business community should be closely watching.
We have all heard of the plumber who has leaking taps, the doctor who ignores the heart attack symptoms, and the accountant who is late with his tax returns. Well, I have an embarrassing confession to make. I am the estate planning lawyer who does not have a current will or enduring power of attorney in place.
KIN Partners is excited and proud to announce it has rebranded as Loch Legal. Same awesome team. Same law firm with heart. New name. New look.
When 2020 started, we all might have been forgiven for thinking we had some idea of what to expect, barring the occasional geopolitical or economic hiccup. Instead, the whole year became a ‘black swan’ event for which most businesses and households were generally unprepared.
The Federal Court recently handed down an interesting decision that hasn’t generated the media buzz that might have been expected.
The holidays are a time to be with your family and friends and whether you celebrate Christmas or not, you are never too old to get excited about the magic of this time of year. Even once your children are all grown up and no longer believe in Santa, there is nothing like watching their faces light up when they see what presents have been left for them under the tree.
As a rule, technological change tends to outpace legal reform. Every now and then, however, a crisis can compel the law to make great strides to close the gap.
To introduce and celebrate the coming together of the KIN PARTNERS and KIN PROPERTY businesses ‘zoom’ style, we have thrown back 50 years to another classic family…