Christmas, Blended Families & Property
Christmas, Blended Families & Property HIS HERS OURS… What about the CHILDREN? CHRISTMAS & BLENDED FAMILIES & PROPERTY Which child gets what? You may have seen the headlines “Fury as man buys first-class seats for his kids but not for his fiancé’s children”. Whether apocryphal or true, the headline encapsulates the potentially conflicting issues […]
Tax Implications of Family Law Property Settlements
Tax Implications of Family Law Property Settlements Property Taxes in General Your Primary Residence When you sell your family home, you do not have to pay capital gains tax unless the land is more than 2 hectares. You can claim your main residence exemption from capital gains tax and up to 2 hectares of the […]
Property Valuation and Property Settlement
When couples separate they want to separate all their property and move on. There are a number of steps before parties can finalise their Property Settlement. First, the Family Courts in Australia have to consider whether it is just and equitable to make orders for a property settlement at all. The Courts take a number […]