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Family Companies

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Considerations similar to those in regard to Family Trusts apply in relation to the frequent use by businesses of company structures to protect assets and provide a method of distributing income to family members.
 
When divorcing, separating a spouse from company affairs needs to be addressed not only with an eye to the family law settlement that is desired between the parties, but also with regard to the tax consequences (both as to income tax and capital gains tax) that can often arise if careful thought to the disentanglement is not given. Divorce is obviously a very unwelcome development in most cases, but it does provide an excellent opportunity for tax planning if the process is approached in the right way.

One problem that is frequently encountered when separating a spouse from a company structure is that it becomes apparent that appropriate corporate governance and compliance with corporations and tax laws has not been in place throughout the period in which the company or companies have been used.
 
We have considerable experience not only in valuing the company and trust interests, but in identifying potential tax stings as well as tax opportunities to try to maximise the benefits for our divorcing clients.
 
Call one of our Family Lawyers for free initial telephone advice on your circumstances on 95258688.

Key People

sutherland shire lawyer greg dicksonGreg Dickson 

primary area of practice is litigation. In 1993, he became one of the first solicitors in New South Wales to achieve Accreditation as a Specialist in Family Law and Property Relationships Act Law. Greg is the head of our Family Law Division but also practices extensively in commercial and general litigation ...read more

sutherland shire lawyer kevin dwyerKevin Dwyer 

can advise you upon and conduct all Family Law and De Facto Relationship matters in the Family Courts at Sydney, Wollongong and Parramatta. Kevin can also assist you in Criminal Law and appear in Local Courts all over New South Wales in AVO and criminal proceedings as well as ...read more

Amanda DoringAmanda Doring 

is a Family Law Accredited Specialist with extensive experience drafting binding financial agreements and conducting urgent applications in the Family Court and Federal Magistrate’s Court as well as De Facto proceedings in the Supreme, District and Local Courts ...read more

Lisa O'Leary 

operates predominantly in the area of Family Law and De Facto Relationship dispute resolution in the Family Court, the Federal Magistrates Court, the Local and Supreme Court or by alternative dispute resolution procedures ...read more 

Nicola Morgan 

Nicola joined Warren McKeon Dickson in January 2009 as the recipient of the Warren McKeon Dickson Work Integrated Learning Scholarship offered in conjunction with the University of Wollongong.  ...read more 

 

 

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