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

11 Oct 2019  |  Riposte  |  Corporate and Mergers & Acquisitions  |  Financial Services  |  Private Wealth  |  Private Equity

Thin Capitalisation - Arm’s length Debt Test – PCG 2019/D3

The ATO has now provide the following guidance on the application of the Arm’s Length Debt Test (ALDT) in the thin capitalisation rules.

19 Sep 2019  |  Riposte  |  Corporate and Mergers & Acquisitions  |  Financial Services  |  Private Wealth  |  Private Equity

More judicial doubts about the Single Entity Rule

A recent decision casts serious doubt on how the tax consolidation system works.

17 Sep 2019  |  Riposte  |  Transfer Pricing  |  Financial Services  |  Private Equity  |  Private Wealth  |  Corporate and Mergers & Acquisitions

Glencore Transfer Pricing Decision

The recent Glencore decision suggests some limits on the ATO’s ability to reconstruct related party transactions in transfer pricing disputes.

13 Sep 2019  |  Riposte  |  Private Equity  |  Private Wealth  |  Corporate and Mergers & Acquisitions  |  Financial Services

International Tax Trust Morass – Again!

After almost 3 years consulting in relation to tax issues for non-resident beneficiaries in relation to trust level capital gains by an Australian resident trust, the ATO has continued the recent trend of making bad legislation even worse in two recent draft tax determinations.

30 Aug 2019  |  Riposte  |  Private Wealth  |  Corporate and Mergers & Acquisitions  |  Energy & Resources  |  Financial Services

New corporate residence rules?

The High Court’s decision in Bywater and the ATO’s approach to the impact of the decision has significantly increased the focus on corporate tax residency. The Treasurer has now asked the Board of Taxation to review Australia’s corporate tax residency rules and report by the end of the year.

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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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