Income tax 2013

Divorce and taxes

Source: New South Wales

Published Date: 16 May 2013

 

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With Australian couples becoming increasingly wealthy and one in every three marriages ending in divorce, providing good tax advice in this area is crucial.

This paper covers:

  • the tax cost of divorce and smarter ways of dealing with property settlements
  • what rollovers are applicable and whether they are subject to limitations
  • the application of Div 7A even if transactions are merely satisfying Family Court orders
  • whether there are ways of protecting assets priorto divorce.

Individual Session

Divorce and taxes

Author(s): Kelvin Fitzalan CTA
Materials from this session:

Details

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Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

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