Neal Dallas Neal Dallas

Neal Dallas

Principal Superannuation and Revenue | Brisbane
07 3014 6598 ndallas@mcw.com.au Download vCard

Neal has substantial experience in advising clients in the estate planning, superannuation, asset protection and tax industry. With 22 years in superannuation and tax advising, and 24 years in estate planning, he is the best person on hand to help clients preserve what they have worked hard to create; to deliver the best structuring outcomes so that they can retain as much of their hard earned wealth during their lifetime, and pass it on at the right time to those who they ultimately wish to succeed them. 

Neal brings a wealth of knowledge to the Private Client sector, specialising in assisting other professionals with their clients’ complex issues. He is known for his ability to develop innovative solutions for clients and delivering exceptional service. 

Neal was included in the Ninth Edition of The Best Lawyers in Australia for Superannuation Law (The Best Lawyers in Australia, 2017).

Listed in The Best Lawyers in Australia 2020 for Superannuation Law

Neal's Qualifications

  • Bachelor of Commerce (Hons), University of Queensland
  • Bachelor of Laws, University of Queensland
  • Graduate Diploma in Applied Finance and Investment, Securities Institute of Australia
  • Master of Taxation, University of Sydney

Neal's Expertise

  • Superannuation
  • Estate planning
  • Business structuring and succession planning
  • Asset protection

Neal's Leadership

  • SMSF Association State Chapter Committee
  • SMSF Association Education Committee Member
  • TTI Superannuation Subcommittee Member
  • The Tax Institute - Chartered Tax Adviser
  • Member, Queensland Law Society

Neal's Recent Experience

Area of Expertise

Area of Expertise

Superannuation - misreporting of tax

Work Undertaken

Neal acted for an employer fund in a matter involving nine years’ worth of misreporting of tax on particular contributions, which had led to a mis-allocation of interest amongst different membership categories. Neal was asked to advise the fund trustee on the approach to the ATO on the tax impacts, and on the corrective measures to be taken to adjust member benefits.

Area of Expertise

Area of Expertise

Business succession

Work Undertaken

Neal has developed business succession agreements (commonly referred to as Buy Sell Agreements) which allow business owners not only to deal with the buy out of a deceased or disabled principal’s interest using an insurance funded solution, but also allow those business owners to use the same insurance funding arrangement to address the repayment of internal and external debt and the release of guarantees.

Area of Expertise

Area of Expertise

Estate planning

Work Undertaken

Neal develops estate planning solutions that look beyond the first generation. In many instances he is called on to ensure that the estate planning solution addresses not only individually held assets, but looks at passing on control of other structures e.g. companies and trusts, as well as dealing with the passing on of assets held in self managed superannuation funds using a variety of arrangements including binding death benefits and reversionary pensions.

Area of Expertise

Area of Expertise

Structuring

Work Undertaken

Assisting a client to move a property into their self managed superannuation fund. The fund did not have sufficient cash on its own to acquire the property outright. Neal was able to structure the arrangements so that the fund could acquire a part interest using borrowing, and enable the fund to take up further part interests in the future.

Neal's recent publications

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  1. Foreign beneficiaries? Holding property on trust in NSW? Trustees beware!

    26 Nov 2020

    Trustees beware! All trustees of discretionary trusts that own real property already have a heightened awareness of state taxes, especially if any beneficiaries of the discretionary trust are currently, or could be, foreign. On 24 June 2020, the State...

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  2. FOREIGN BENEFICIARIES - THEIR DUTY AND TAX CONSEQUENCES FOR VICTORIAN PROPERTY

    26 Nov 2020

    The foreign beneficiary problem All trustees of discretionary trusts that own real property already have a heightened awareness of state taxes, especially if any beneficiaries of the trust are currently, or could be, foreign. It should come as no surprise...

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  3. Why Small Business Restructures Just Got a Lot More Attractive

    16 Nov 2020

    qUEENSLAND TRANSFER DUTY EXEMPTION FOR SMALL BUSINESS RESTRUCTURES Background Small businesses looking to restructure have long since enjoyed CGT relief when transferring their business assets from a sole trader, partnership or discretionary trust to a...

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