Trustee

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Sladen Snippet - Federal Court affirms Trustees in Bankruptcy are liable for capital gains tax on property dispositions

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Sladen Snippet - Federal Court affirms Trustees in Bankruptcy are liable for capital gains tax on property dispositions

The Federal Court has confirmed that a liability to pay Capital Gains Tax applies to trustees in bankruptcy in respect of capital gains derived in their capacity as trustee.

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Sladen Snippet – Williams Part 2 - another SMSF trustee bites the dust

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Sladen Snippet – Williams Part 2 - another SMSF trustee bites the dust

As seen in Part 1 of our article on the case of Williams v Williams, this is the latest of a long line of cases that have found that a binding death benefit nomination (BDBN) was not binding. However, the case also is an important decision in relation to when the Court will remove an SMSF trustee.

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Sladen Snippet - NSW Supreme Court holds manager of protected estate cannot make BDBN on behalf of protected person

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Sladen Snippet - NSW Supreme Court holds manager of protected estate cannot make BDBN on behalf of protected person

As discussed here and here, the decisions in Re Narumon [2019] 2 Qd R 247 and Re SB; Ex Parte AC [2020] QSC 139 made it clear (at least in Queensland) that: