Home aspects The importance of careful planning extends to your home life as well as your business. … This content is only available to our registered users. Please log in or create a free account, to gain access to our extensive business, personal and tax guides. Login (Forgotten login?) Create new account Tax aspects of your home How does taxation impact on your home? Separation and divorce Many marriages do not survive in modern society and when separation, divorce or dissolution occurs, there will almost inevitably be some tax consequences. Family trusts A trust (settlement) arises when a person (the settlor) transfers assets to trustees, who hold the assets for the benefit of one or more persons (the beneficiaries), who will receive income and/or capital from the trust.