Tax News & Articles

For a long time now, there has been uncertainty in the classification of in-specie contributions of business real property to super funds relating to capital

The recent decision of Metricon Qld Pty Limited v Chief Commissioner of State Revenue (No. 2) provides an important clarification of the circumstances in which

The invitation announces: “You are invited to attend the XYZ Charity’s Annual Gala Sports Evening and be entertained by tales from such sporting greats as

There are a number of benefits to taking out a life insurance policy via an industry superannuation fund. These include a default level of coverage

Issue A taxpayer that migrated to Australia several years ago has recently turned 60 and wishes to “cash out” their foreign superannuation account and repatriate

Most employers understand that the provision of a benefit to an employee will often result in fringe benefits tax being payable unless the benefit is

Foreign purchaser (stamp) duty surcharge commenced in Victoria on 1 July 2015. It impacts not only on conventional residential property purchases but also filters into

Issue A company is owned as follows: Individual A 25% Individual B 25% Individual C 40% Discretionary Trust A 10% None of the individuals are

True or false: If the “foreign income tax” paid in a financial year by a taxpayer is less than $1,000, they are automatically entitled to

From the outset there is no mischief with a discretionary trust distributing to a beneficiary that is a private company, provided of course, that the