Meet our new Partner

 
Jim Koutsokostas

Jim Koutsokostas

Partner

Tax

‘I love getting into the rabbit warren that is the tax law to solve an issue – and solving it!’

Q&A

I work with: I’m fortunate to work with a number of clients across a number of industries, particularly in the funds management, financial services and property industries. Some of my current major clients include Australian Unity, the Fletcher Building Group, and the McCloy Group.

Major highlights: Of the ones I am able to mention, advising on the establishment of the Australian Unity Specialist Disability Accommodation Fund – one of the first of its kind in Australia – is one of which I am particularly proud. Not only were there some tricky tax issues to explore, but it was great to be a part of something unique which will support the ongoing operation of the NDIS.

Trends in my area: That old chestnut – dealing with and helping our clients navigate the increasing complexity of our tax system. We are also seeing increased compliance activity from the ATO and the state revenue authorities. It’s not for the faint-hearted!

I predict the next big thing will be: The proposed move by the NSW Government to shift from transfer duty to a broad-based property tax is sure to shake things up – it’s one of those once-in-a-generation reforms. Watch this space!

My proudest achievement: Becoming a partner at Hall & Wilcox surely – it’s a privilege! I am fortunate to work with my colleagues – advisers who are great at what they do, and are terrific people – and fortunate to partner with our clients, working together to find solutions.

Outside work, you’ll find me: Anything that involves good food (and perhaps a glass or two) – whether it be at a friend’s place, the local pub or fine dining. And travel (pandemic pending) – I’ve been known to geek out on how to earn frequent flyer points and status levels.

If I wasn’t a lawyer, I would be: A pilot for a major airline. Or a meteorologist. Go figure?!

Lessons I learnt over the past year: Making sure to make time for yourself, your family and your friends. Although we’re a resilient bunch, it’s always good to check in with them regularly.

Practices