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Duncan Hughes

October

There’s one in every family.

Would your family trust survive a black sheep attack?

Trusts are the go-to structure for asset protection and inheritance planning but as more wealthy families are discovering, they’re not bulletproof. Experts weigh in on how to prevent costly showdowns.

The ATO looks at how lifestyles match up with declared income.

How the ATO caught taxpayers cheating on ‘lifestyle’ assets

The Tax Office has provided The Australian Financial Review with exclusive details about some recent investigations.

September

AFR

The $52b side hustle economy offers a shot at getting rich

The ATO estimates there are around 1 million side hustlers, including a fast-growing group of white-collar workers who dream of going into business for themselves.

AFR

Disputes over the remains of loved ones are on the rise

Fights over funeral arrangements and ashes are increasingly ending up in courts. What to know about your rights and responsibilities.

AFR

Why this Baby Boomer is leaving everything to her grandkids - not kids

Grandchildren are emerging as winners of the $4.9 trillion generational wealth transfer as the bank of nan and pop funds home deposits, cars and tuition fees.

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A well-timed redundancy payout can be life changing.

What to do with a six-figure redundancy payout

Being made redundant can be emotionally and financially devastating if you weren’t expecting it. But large lump sum payouts also present an opportunity to reset your career and finances.

August

Policy information will be sought for boats worth $100,000 plus.

Yachts, fine art and investment properties targeted by ATO

The ATO will use data from insurance and property management companies to cross-check taxpayer claims.

A transition to retirement pension can help ease you into post-work life.

How to work less, help the kids and do the job you always wanted

A transition to retirement pension offers opportunities to revamp your lifestyle, pay down debt or gift a home deposit. Here’s how to take advantage.

Beware GST payable on small second homes.

The ATO has this overlooked property tax in its crosshairs

Small-scale property developers need to be aware that GST is applicable in certain circumstances. Read the 10 tips for mum and dad developers.

July

AFR

New $3m super tax is ‘stealing my children’s inheritance’

Family enterprises face hard questions about whether to abandon their succession and retirement plans by selling their shops, farms and factories,

ATO targets property valuations in countdown to new $3m super tax

SMSFs are in the firing line for failing to update the market value of investment properties and commercial buildings such as farms and medical practices.

AFR

How to beat the ‘death tax’ set to increase cost of dying by 650pc

The cash-strapped Victorian government wants to increase probate fees. Here’s how much you might have to pay – and strategies for avoiding the hit.

Four ways to build wealth with your tax cuts

Whether you’re trying to pay off your mortgage early or boost your super, put your extra income to good use.

Prosecutors have submitted that Craig Townshend should receive a sentence of up to nine years.

Court denies deathbed wish to award $1.2m to estranged lover

A bitter family fight over a super inheritance highlights the role of binding death nominations, how they work and why it is necessary to regularly review them.

AFR

‘I had my bank account cleaned out and $5000 is all I got back’

With scammers getting increasingly sophisticated, don’t rely on your bank to bail you out.

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June

AFR

When bank of mum and dad comes with interest

Retirees are increasingly expected to live with, care for and financially support older and younger family members. Here’s your guide to avoiding strife when it comes to wills, means testing and elder abuse.

Eight ways to squeeze more into super – which ones are you using?

A couple employing just four of these methods could boost their retirement savings by almost $5 million.

AFR

Nine tips for creating a successful family dynasty

Most dreams of creating a family dynasty are dashed within decades but a solid succession plan can save money and grief.

May

AFR

Decades after tycoon’s death, his family is suing each other over a mansion

Tech tycoon’s widow says she felt ‘used and abused’ in a dispute that pitted her three children against her – and each other.

AFR

What to do if you are asset rich but cash poor

Four strategies to help your assets and savings work harder as the cost of living grows.

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Original URL: https://www.afr.com/by/duncan-hughes-j7gc6