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When divorce rears its (potentially) ugly head – managing tax issues that arise in a marriage or relationship breakdown paper

Member Price: $57.00
Non Member Price: $75.00

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Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

Published on 21 Jul 22

Marriage and relationship breakdowns can cause substantial stress for our clients. Helping them traverse the tax implications along this rocky road can alleviate some stress associated with their separation and the division of their assets. Paul draws from his expertise and experience in navigating this course with his clients, and provide insight for practitioners to comfortably guide their clients through issues including:

  • CGT and stamp duty on property settlements and transfers of business and investment assets
  • Capital allowance and trading stock rules
  • Subdivision 126-A rollovers – elements and consequences
  • Tidying up loan accounts and unpaid present entitlements – dealing with debt forgiveness, accrued losses, Division 7A, and section 100A (particularly the exception for ‘ordinary family dealings’)
  • Trust splitting and other family trust issues
  • Child maintenance trusts and;
  • Potential professional conflicts for advisors who have previously worked for both partners, or for the business entity/group

Author profile

Paul Hockridge CTA
Photo of author, Paul HOCKRIDGE Paul Hockridge, CTA, is the Principal of Hockridge Advisory. He has worked for the ATO, a large law firm, has been a partner in medium and Big 4 chartered accounting firms and has over 30 years’ experience in tax, asset protection, estate and succession planning. Paul’s niches include litigation support, property development and FBT and salary packaging. Paul specialises in advising high wealth families and closely held businesses, as well as providing support for a number of accounting and law firms. Paul maintains a practicing certificate as a legal practitioner in Victoria, is a fellow of Chartered Accountants Australian and New Zealand, is senior fellow and teaches in the Masters program in the Law School at the University of Melbourne and is a chartered tax adviser. He sits on The Tax Institute’s FBT and Employment Taxes Committee and was an original contributor to The Tax Institute’s book, Estate and Business Succession Planning. Perhaps Paul is best known as a regular presenter at local, State and National Tax Institute conferences. - Current at 10 December 2024
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This was presented at Yarra Valley Tax Retreat .

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