Welcome Andrew Ratnasingham to Webb Martin Consulting
WebbMartinConsulting
12 December 2024
Webb Martin Consulting is delighted to announce the appointment of Andrew Ratnasingham as a Principal.
Tax News & Articles
Author: WebbMartinConsulting
Issues with accessing the small business CGT concessions after using the SBRR
WebbMartinConsulting
12 October 2022
The use of the small business restructure rollover may have impacts such as resetting the clock in respect of the 15-year exemption, or making the active asset test much harder to pass. In this article we highlight some issues to watch out for.
New support for Victorian Small Businesses
WebbMartinConsulting
5 September 2022
The Victorian government announced a new program, granting eligible applicants $2,000 to cover the cost of seeking legal or financial advice.
Section 100A and capital distributions: Deficiencies of the anti-avoidance provision
WebbMartinConsulting
28 April 2022
The recent release of a trio of tax guidance documents by the ATO addressing section 100A has been described as being the most significant development for trust taxation in almost 40 years. In this article we focus on a key shortcoming of the anti-avoidance provision.
BREPI and an Equipment Leasing Company
WebbMartinConsulting
28 April 2022
Is a company that carried on an active equipment leasing business, with a turnover under $50 million, considered a base rate entity and therefore eligible for the lower corporate tax rate? Determining this mainly revolved around whether its base rate entity passive income was more than 80% of its assessable income for the year. Read on for more details.
Making the most of the loss carry back offset
WebbMartinConsulting
13 December 2021
The two-tiered corporate tax rate system and the decreasing corporate tax rate for base rate entities can give rise to circumstances where differing tax benefits
Are foreign residents entitled to a market value cost base uplift for their former main residence? Maybe…
WebbMartinConsulting
21 June 2021
The commonly held view is that where a foreign residents is denied access to the main residence exemption (‘MRE’) they are also denied access to
Urgent action needed for discretionary trusts that directly or indirectly own, have owned, or intend to purchase land in NSW
WebbMartinConsulting
30 November 2020
Do you, or a client, have a discretionary trust that owns, has owned or intends to purchase ‘residential land’ in NSW? Alternatively, is there a
Can I still access the CGT main residence exemption when a DTA makes me a non-resident?
WebbMartinConsulting
30 November 2020
With the transitional period for non-residents to claim the main residence exemption (‘MRE’) having ended on 30 June 2020, practitioners are increasingly going to encounter
Tax opportunities and issues in the COVID-19 era
WebbMartinConsulting
10 September 2020
This year has had many tax agents and business owners focusing on the immediate issues and support measures arising due to the COVID-19 pandemic.
