Prath is a highly regarded commercial, structuring and tax lawyer with expertise in business structuring, restructuring, mergers and acquisitions and succession planning. Prath principally acts for privately-owned businesses, partnerships, family groups and business owners.
Prath is called upon by clients and advisers to solve challenging tax issues and structure tax-sensitive transactions and restructures. Prath is valued for his straight-forward approach and his commitment to making a deal happen.
Prath’s expertise extends to international tax planning including advising on multi-national business structures and inbound and outbound transactions.
As a measured negotiator and strategist, Prath represents clients in managing and resolving disputes with the Australian Taxation Office and the State Revenue Office. Prath’s experience extends to litigation in federal and state jurisdictions.
"I am as energised by overcoming complex tax problems as I am with talking outcomes with clients. Clear communication, carry-through and delivery are always a high priority with every one of my clients. "
US storage and distribution company – advising on the acquisition of Australian target entities valued at $200m, including, the appropriate legal structure for a joint venture, commercial documentation, land holder duty implications, providing recommendations in relation to the restructure of the target group of companies and trusts and undertaking a tax due diligence.
Family group in retail and property development – advising on a complex restructure of businesses, property and share holdings valued at $100m to facilitate the succession of business and property assets to adult children including consideration of CGT, Part IVA and land holder duty.
Internationally recognised clothing brand – managed the resolution of a tax audit in relation to the application of ‘Division 7A’ to deemed dividends of $25m including the preparation of position papers and extensive negotiations with representatives from the Australian Taxation Office.
Canadian based mining company – applying for a class ruling from the Australian Taxation Office in relation to a demerger of a subsidiary and its impact on Australian shareholders.
Major Victorian car dealership – successfully applying for a payroll tax ‘de-grouping’ application.
Chartered Tax Advisor, The Tax Institute
Bachelor of Law, University of Melbourne
Bachelor of Commerce, University of Melbourne
Member, The Tax Institute
Member, Law Institute of Victoria
- Federal taxes
- State taxes
- Tax disputes
- Tax litigation
Prath has presented extensively and written on subjects covering trusts, tax, stamp duty and managing tax disputes.
Prath has also authored articles published in The Tax Institute Journal.