TAX LAWYERS BRISBANE TRUSTS
There are many components of tax law, and it is an area that is constantly updating and changing. Having a tax lawyer to break down and simplify the processes for your business will put you at an advantage. At GLG Legal, our experienced taxation lawyers aim to provide you with the optimum structure for the operation of your business or the holding of investments.
Innovative Tax Solutions
There is often a range of options that can be utilised in order to achieve your commercial objectives. For some of those options, taxation or other effects may cause the venture to be uncommercial. Our tax team is known for identifying innovative solutions to achieve your commercial objectives.
A consideration of the tax issues should not be limited to the ATO, income tax and capital gains tax, as occurs with most tax advisers. Your preferred structure requires consideration of other forms of tax such as transfer duty, payroll tax, land tax, fringe benefits tax, and goods and services tax. Other laws may also require consideration such as superannuation, bankruptcy and family law.
GLG Legal also focuses on tax litigation services, advocating vigorously for our clients in disputes with tax authorities to protect their rights and financial interests. Whether you are facing issues of tax debt, complex tax regulations, or require representation in court, our dedicated team of tax lawyers in Brisbane is here to provide comprehensive legal support tailored to your specific needs and circumstances.
Effective Business Structuring
Structuring is not limited to whether you use a company, a certain form of trust or a partnership. It also includes the form of agreements that are implemented.
At certain times in the business or investment life-cycle, the owner may want to change the structure to allow a particular commercial outcome. Taxation is often an unsavoury cost to achieving those commercial objectives. Our tax team uses their unique knowledge to identify innovative solutions to achieve a particular commercial objective.
Self-Managed Superannuation Funds
Many private businesses have a self-managed superannuation fund. There are complex rules limiting the investments and use of funds held in SMSFs. Our superannuation team is recognised as experts in understanding the complex rules that affect investments by self-managed superannuation funds. Particular areas of concern when considering investment choice are the prohibition against acquisitions from related parties, in-house assets, borrowing restrictions and limitations on superannuation contributions. The superannuation team has significant expertise in those areas.
Our team can assist in the following areas:
- CGT and stamp duty effective restructuring options;
- addressing non-estate assets held in private entities when implementing estate planning;
- uses of joint ventures and other commercial arrangements;
- assistance in addressing PSI;
- advice on the application of capital gains tax to a particular transaction;
- advice on applying the small business CGT concessions, and in particular difficult applications of those concessions;
- advice on Division 7A and alternative transaction formats to limit its application;
- assistance in responding to ATO challenges, including preparing objections and responses to position papers;
- advice and assistance with limited recourse borrowing arrangements for superannuation funds and alternative investment structures;
- advice and options in respect of the application of the investment rules applying to SMSFs.
How Can GLG Legal Help?
A GLG Legal tax lawyer in Brisbane will simplify the complex taxation laws and processes. We can help you with:
- Tax audits and investigations
- Asset protection
- State taxes
- Business structuring
- Trust taxation
- Tax incentives and grants
- Self-Managed Super Funds
Certifications and Affiliations
Practice Areas
WHY CHOOSE GLG LEGAL?
We provide innovative and personalised tax advice to ensure that you not only meet your compliance obligations with tax laws but also leverage strategic tax opportunities, optimise your financial position, and achieve your long-term financial goals. We believe in keeping you well-informed throughout the entire process, making sure you understand the complexities of tax law in a clear and accessible manner.
In the event of tax disputes or controversies, GLG Legal’s strong litigation expertise ensures that you have a formidable advocate in your corner. Our tax lawyers in Brisbane are prepared to represent your interests vigorously in any taxation matters.
For more information on our taxation legal services, get in touch with one of our experienced tax lawyers.
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Commercial Leasing FAQ's
- Can I make changes to the leased property?Making changes or improvements to a leased property, often referred to as "tenant improvements" or "fit-outs," typically requires the landlord's permission. The lease agreement should outline the process for requesting and obtaining approval for any modifications. Additionally, it's important to clarify who will be responsible for the costs associated with these changes.
- What happens if I need to break my lease early?Breaking a commercial lease early can have significant financial implications. Most leases include specific terms for early termination, which may involve paying a penalty or forfeiting a security deposit. In some cases, you may be required to continue paying rent until a new tenant is found. It's advisable to negotiate a lease with clear terms regarding early termination and consider including a "break clause" for more flexibility.
- What are my options if I want to renew my lease?If you wish to renew your lease, it's important to review the lease agreement for any renewal clauses. These clauses typically outline the notice period required for renewal and any changes to the rent or lease terms. Negotiating renewal terms well in advance of the lease expiration can help ensure a smooth transition and potentially secure more favourable conditions for your business.
- What expenses are usually included in a commercial lease?Commercial leases can include various expenses beyond the base rent. Common additional expenses, often referred to as "operating expenses" or "common area maintenance (CAM) fees," may cover property taxes, insurance, maintenance, and utilities for common areas. It's crucial to review the lease agreement carefully to understand what expenses you'll be responsible for.
- What is the typical duration of a commercial lease?The typical duration of a commercial lease can vary depending on the type of business and the landlord's requirements. Common lease terms range from 3 to 5 years, but leases can be as short as one year or as long as 10 years or more. It's essential to negotiate a term that aligns with your business goals and allows for flexibility if needed.