West Garbutt Senior Associate Alex Whitney has authored the following paper on family trusts for Legalwise. This paper discusses the intricacies of the family trust election rules and their impact on family trusts at each stage of a trust’s lifecycle. To access this document, please click here : Family Trusts; the beginning, middle and end ...

Dung Lam and Marlon Camacho, lawyers of West Garbutt, have authored the following paper published in the New South Wales Law Society Journal on the recent Revenue NSW Ruling regarding the Transfer of Primary Production Property between Family Members. This paper discusses the NSW duty exemptions available for family farm succession planning.   To access this document, please click here : Handing down the family farm without NSW Duty ...

Lawyers Mark West and Alex Whitney, author the following paper which covers what is understood to be the current ATO view on, and also how to proactively manage and mitigate the risks in relation to, reimbursement agreements. This paper was presented by Mark West at the 2021 Queensland Tax Forum. To access this document, please click here : Trusts 100A - reimbursement agreements; identifying and reducing taxpayer risks ...

In response to the impact of Covid-19 on the Queensland economy, the Queensland government has announced a range of land tax relief measures.  Lawyers Lyndon Garbutt and Mark West have prepared an overview of the measures for Queensland landowners, including how the different measures can be accessed and considerations to be taken into account in determining eligibility. To access this document, please click here : Queensland land tax - Covid-19 Relief ...

The Queensland OSR has recently launched its new online portal ‘OSR Online’.  The portal provides a secure electronic platform for landowners and their advisors to manage land tax obligations.  Lyndon Garbutt and Mark West have prepared an overview of the portal, including how to access and register for the portal, how to link related companies and trusts and how to authorise advisors.

This year’s Queensland Budget has meant significant payroll tax changes took effect from 1 July 2019, particularly for regional employers. In the attached article, Lyndon Garbutt, Principal of West Garbutt summarises the recent changes and likely impact on regional employers including factors to consider when applying the regional employers discount.

Lyndon Garbutt, Principal of West Garbutt presented at the CPA Australia Queensland discussion group at their monthly update series in Brisbane, Queensland.   Lyndon's topic was taking advantage of technology in the context of Queensland payroll tax and land tax.   If you want to learn more about land tax and payroll tax in Queensland and what advisors can do to help ensure their clients’ affairs are in order, then attached is a copy of the presentation.

West Garbutt have extensive expertise and experience in representing clients subject to a variety of revenue audits including Top 320 income tax audits, wealthy Australian income tax audits, GST audits, payroll tax audits and land tax audits. In the attached article, Lyndon Garbutt and Michael McLaughlin describe how best to guard against tax audit risk, summarising:
  • why high wealth individuals and private wealth groups have an increased exposure to the risk of income tax audits;OK
  • the potential costs of tax audits; and
  • strategies to help manage the risk associated with audits.  

The application of Queensland land tax to land held in trust by private wealth families can easily be misunderstood.  In the attached article, Lyndon Garbutt and Alex Whitney summarise: the circumstances in which land will be held on trust for land tax purposes; who will be regarded as beneficiaries; and the circumstances in which land held on trust should be eligible for the home exemption and primary production exemption.