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  • Profile photo of HQtaxHQtax
    Member
    @hqtax
    Join Date: 2012
    Post Count: 2
    May 2, 2012 - 1:02 am

    Hi All,

    I agree with Terryw. You must seek a good lawyer that deals with business acquisitions and taxation. another issue not raised is whether the trust is a family trust or has trsut losses. If a family trust you will not be entitled to distributions, and if trust losses, they will probably be disallowed. In any case you would want new structures, as you may get a nasty bite caused by the current owners for past acts.

    Seek good legal & accounting advice.

    Regards
    HQtax

    Profile photo of HQtaxHQtax
    Member
    @hqtax
    Join Date: 2012
    Post Count: 2
    May 2, 2012 - 12:54 am

    Hi All,

    We recommend Moore Super, who do all our clients SMSF work. They have clients in Qld, Vic & Tas, so I am sure they will do NSW as well.

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