Advisers warned on ‘double duty’ traps with unit trusts and property
With any reforms to stamp duty unlikely to extend landholder duty, SMSF professionals should be careful not to underestimate landholder duty when advising clients asset protection, business structures or succession planning, says a law firm.
Owen Hodge Lawyers special counsel Leigh Adams said while there may be talk about abolishing stamp duty, it is unlikely that this will extend to landholder duty.
Read more at SMSF Adviser.
