What is an Affidavit?

Affidavit Explained An affidavit is a formal written document which describes a person’s own account of events in a prescribed format. A person making the affidavit is called a ‘deponent.’ What does an affidavit contain? The contents of an affidavit must be factual...

BEWARE: Trust Deed Vesting Date

Unexpected tax liabilities for the beneficiaries of a trust A Trust is one of the most common business structures in Australia. It has certain tax advantages; it helps to transfer wealth between the generations and it provides asset protection. A trust is set up...

Are you a Share Investor or a Share Trader?

There has been continuous debate on how to treat a taxpayer who buys and sells shares. Is he a share trader or a share investor (share holder)? The distinction is crucial for tax purposes; in particular, how to account for losses arising from share trading activities....