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Special Tax Rules for Minor’s Income

Special tax rules are in place for income received by those less than 18 years of age (minors). The main intention of these rules is to discourage parents from diverting their income to their children. Minors who are residents of Australia but do not earn more than...

Administering a Will need not be a costly exercise

In the process of preparing or updating your Will – after agonising over how to keep your family members happy, who gets the important heirlooms and how much will be given to charity – it often happens that little thought is put into considering who is going to be...