BLB News

Making a $540,000 non concessional contribution without any money

01/06/2017

How to transfer business real property into a SMSF by way of a contribution and pay only $500 stamp duty.

Binding death benefit nominations and life insurance in super: beware the transfer balance cap trap

01/06/2017

Strategic estate planning is key to ensuring flexibility in crises. Although you may not consider yourself at risk of exceeding the transfer balance cap following 1 July 2017, you may in fact be at risk, irrespective of your own superannuation account balance.

Tightening of requirements to have transfers of real property pursuant to a change of trustee assessed at $50

01/06/2017

Fred and Wilma are the trustees of the Flintstone Unit Trust which owns a commercial premises in NSW and supplies building materials to its clients. Fred and Wilma decide to retire and wish to sell their business to a third party. Following the sale and appointment of a new trustee, Fred and Wilma need to arrange to transfer title of the property to the current trustee. What kind of stamp duty is payable on this transfer?

When the timing is right...for an EPOA

01/06/2017

We all know an Enduring Power of Attorney ("EPOA") is something we should all consider but knowing when to make one is equally as important.

Life's Too Serious

01/06/2017

If you think you're paying too much for your morning coffee, think again.