Private Wealth

Greenwoods & Herbert Smith Freehills advises many of Australia’s most successful private groups and emerging entrepreneurial businesses.

We have a full service offering covering strategic domestic and international tax planning, taxation advice on major transactions, and the provision of comprehensive compliance services. We aim to maintain the highest level of client service on every engagement and work alongside our clients in an open and collaborative manner.

With the increasing ATO scrutiny of private groups and high net worth individuals, we appreciate the importance of managing ongoing relationships with the ATO. Our team regularly assists clients with ATO interactions, reviews, audits and disputes. Our clients benefit from our deep understanding of the technical tax issues as well as our industry-specific forensic and strategic insights. Our greatest successes are when we are able negotiate advantageous settlements of major issues for our clients.

Private Wealth Transactions

Private wealth matters

Greenwoods & Herbert Smith Freehills does not disclose information relating to its work on private wealth matters.

Private Wealth Publications

26 Nov 2019  |  Riposte  |  Financial Services  |  Corporate and Mergers & Acquisitions  |  Private Wealth  |  Private Equity  |  Energy & Resources

Close and remote resemblances in the anti-hybrids rules

A recent Draft Taxation Determination is the first ATO guidance on one of the key elements in the anti-hybrids rules; it has implications for how several parts of the rules will operate in practice.

12 Nov 2019  |  Tax Brief  |  Corporate and Mergers & Acquisitions  |  International  |  Financial Services  |  Private Wealth  |  Private Equity

BEPS 2.0 - Pillar Two moves forward

The OECD has released its consultation document for BEPS Pillar Two on GloBE (the global anti-base erosion tax) as promised when releasing the Unified Secretariat Proposal on Pillar One last month.

07 Nov 2019  |  External Publications  |  Financial Services  |  Corporate and Mergers & Acquisitions  |  Private Equity  |  Private Wealth

Sharpcan highlights problems

The High Court recently handed down its judgment in the Sharpcan litigation (FCT v Sharpcan Pty Ltd [2019] HCA 36, reported at 2019 WTB 44 [1387], a case that raises a well-trodden capital-or-revenue issue, but also touches on the untested ‘black-hole’ rules. The case highlights again the glaring omission of a regime for depreciating wasting intangible assets, and the difficult problems taxpayers can face trying to remedy that defect in our law.

Greenwoods_Sharpcan_article.pdf (394 kb)

06 Nov 2019  |  Riposte  |  Corporate and Mergers & Acquisitions  |  Private Wealth  |  Financial Services  |  Real Estate  |  Private Equity

ATO Challenges Trust Cloning, Again

The ATO has recently issued a Taxpayer Alert aimed at countering a newly-emerging form of ‘trust cloning.’

23 Oct 2019  |  Riposte  |  Corporate and Mergers & Acquisitions  |  Private Wealth

High Court Rules on the Treatment of Statutory Licences

The High Court has handed down its judgment in the Sharpcan litigation, a case that raises a well-trodden capital-or-revenue issue, but also touches on the untested ‘black-hole’ rules. The case highlights again the glaring omission of a regime for depreciating wasting intangible assets, and the difficult problems taxpayers can face trying to remedy that defect in our law.

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Private Wealth team

Andrew White

Director

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Cameron Blackwood

Director

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Narelle McBride

Director

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Nick Heggart

Director, Head of Energy & Resources

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