Essential Guide to Trust Distribution Resolutions for Discretionary Trusts
Trust distribution resolutions are essential documents that determine how the income and capital of a discretionary trust are allocated among beneficiaries. These resolutions must be carefully drafted to comply with legal requirements and to achieve the desired financial outcomes. Failure to properly execute these resolutions can result in significant tax implications and legal disputes.
Lost or Unsigned Trust Deeds? Here’s How to Handle Them
We’ve got some exciting news for you. The latest update on the Smarter SMSF platform introduces a fantastic new feature called Smarter Legal Review (SLR). This feature is a game-changer, allowing you to get top-notch legal advice from the super-experienced team at Hill Legal. Led by Chris Hill, a principal lawyer and accredited specialist SMSF adviser with over 15 years of experience in superannuation law, this team knows their stuff.
Pensioner Duty Exemptions: What You Need to Know
As of July 1, 2023, the State Revenue Office updated the eligibility criteria for pensioners applying for stamp duty concessions, aligning the purchase price thresholds with that of the First Home Buyer exemption or concession.
Strategies for Efficiently Resolving Property Disputes
Property disputes are a common yet complex issue in Australia, often involving significant financial and emotional stakes. Whether it’s a boundary disagreement, a breach of contract, or a landlord-tenant conflict, resolving these disputes efficiently and effectively is crucial. At Hill Legal, we specialise in providing expert legal advice and representation to navigate the intricacies of property law and achieve favorable outcomes for our clients.
Vacant Residential Land Tax — Changes to ‘Holiday Home’ Exemption
In December 2023, substantial changes were made to property taxes in Victoria including Vacant Residential Land Tax (VRLT). From 1 January 2025, owners of residential property in Victoria that are vacant for more than six months in the previous calendar year are liable for the VRLT unless an exemption applies. ‘Holiday homes’ that comply with certain criteria are one of the key exemptions.
Understanding the Impact: Labor Government’s Superannuation Policy Shift
Superannuation Policy Changes by Labor Government The Labor Government, despite its election promise to avoid major changes to…
Understanding the Role of Estoppel in Estate Planning: Key Insights and Best Practices
Understanding the Role of Estoppel in Estate Planning Estoppel plays a significant role in estate planning as it discards actions that…
Navigating Early Deposit Release: Understanding Section 27 of the Sale of Land Act 1962 (Vic)
Contemplating accessing your deposit funds ahead of schedule? Before proceeding, let’s delve into the intricacies of early deposit…
Proposed Commercial & Industrial Property Tax Reforms for Victoria: What You Need to Know!
Following Government announcements in the Victorian Budget 2023-24 a Bill is currently before Parliament which will introduce tax reform…
Expertise in Business Succession Planning
At Hill Legal, we understand the importance of business succession planning for the continuity and success of your business. Whether you…
