Hall & Wilcox is a leading Tax Law Firm in Doyle’s Guide to the Australian Legal Profession, 2017, and ranked in the tax practice area in Chambers Asia Pacific 2020.
The Hall & Wilcox Tax team provides clients with innovative tax structuring, advisory and dispute management services that are independent and cost effective. We assist clients across the full spectrum of tax regimes, including income tax, international tax, thin capitalisation, tax consolidation, capital gains tax, transfer pricing, stamp duty, GST and other Federal and State taxes. We advise on standalone tax issues, as well as part of a multidisciplinary team working on M&A transactions, tax disputes and other major projects.
Our team has been involved in major corporate restructuring, M&A transactions including domestic, inbound and outbound investment, and tax due diligence. We work both as part of the M&A team, or can provide this as an independent advisor in a transaction.
Our specialist tax dispute management and resolution practice has strong credentials in dealing with revenue authorities in taxation disputes, from managing risk reviews, audits, negotiating settlements and appeals in the State and Federal courts, through to the High Court of Australia.
We have the depth of experience and commercial approach to simplify complex legal issues. Our team bring to the table expertise from legal practices and large accounting firms, as well as ongoing participation in industry and tax professional associations where we are invited to participate in consultation and present on current and proposed legislation and rulings.
- Advising on the tax implications relating to the restructure of the Australian operations of a global manufacturer, and the potential application of the anti-avoidance provisions.
- Advising on the tax implications associated with the acquisition of an insurance company and the potential application of the anti-avoidance provisions.
- Advising on the tax and trust law issues arising in establishing a syndicated arrangement supporting a finance company.
- Advising on the effectiveness of trust distributions by a large retail group.
- Advising on the tax issues arising from the reorganisation of the Australian operations of a German diversified group relocating its manufacturing operations offshore.
- Advising on the trust law implications associated with executing a gas abandonment deed.
- Reviewing and advising on the income tax issues associated with the financing strategies of a large multinational retailer and its associates.
- Advising on the buy out of a major shareholder of a large private investment group, including preservation of the group’s tax losses.
- Advising a large multinational fund manager on the income tax issues for the fund manager and investors of investing in capital protected products.
- Structuring the sale of numerous businesses to permit the vendors’ access to available CGT concessions while giving the purchaser a new, clean acquisition vehicle.
- Advising on the use of selective share buy backs, as an alternative to a share sale, when retiring shareholders from corporate groups.
- Advising on the roll-up of numerous financial planning businesses to a large “consolidator” of such businesses.
Tax and superannuation| 03 Jul 2020
In this issue of talking tax we look at Division 7A relief, recent tax law amendments that relate to NSW duties and land tax, the cash flow boost, instant asset write off and testamentary trusts. We also look at a recent tribunal decision regarding the treatment of bitcoin as ‘foreign currency’, and a case that demonstrates the difficulties involved in attempting to claim a deduction for occupancy expenses.
Tax and superannuation| 29 Jun 2020
Hall & Wilcox is a leading Tax Law Firm in Doyle’s Guide to the Australian Legal Profession, 2017, and ranked in the tax practice area in Chambers Asia Pacific 2020. The Hall & Wilcox Tax team provides clients with innovative tax structuring, advisory and dispute management services that are independent and cost effective. We assist […]
Tax and superannuation| 23 Jun 2020
Deputy President Bernard J McCabe of the Administrative Appeals Tribunal has confirmed that bitcoin is not foreign currency for the purposes of Division 775 of the Income Tax Assessment Act 1997 (1997 Act). This decision affirms the views that we, and others, have held for some time that subject to law reform, the rules governing the treatment of foreign currency gains and losses for tax purposes set out in Division 775 of the 1997 Act will not apply to most cryptocurrencies. Our Tax team discuss the decision, and considers what’s included under the term ‘foreign currency’ for the purpose of the 1997 Act.
Thinking| 19 Jun 2020
In Talking Tax 185 we look at some practical tips on signing key year end documents electronically, including trust distribution and dividend minutes. We also look at the recent decision in Dunkin & Ors v FC of T and how it serves as a timely reminder of the importance of carefully drafting trust distribution resolutions and obtaining professional advice. Finally, we also consider the recent announcements in light of COVID-19 in relation to payroll tax and AGM requirements.